Florida home report: Sales rise as inventory drops

Townhome for sale in Marion County. [Photo courtesy realtor.com]

Home » Home & Garden

Posted March 30, 2026 | Staff report

The Florida Realtors Association February 2026 market report shows that statewide the median single-family home sale price dropped to $412,000, a 0.7% decrease from February of 2025. Townhouses and condo median sales price were reported at $309,000, a 1.9% year over year decrease from last February.  

The statewide active listing inventory for single-family homes was 103,339, a 7.6% decrease over last year. Statewide inventory for condos and townhomes was reported at 69,369, a 7.6% decrease from last February.   

Overall, the association reported, the drop in inventory levels for this February was unusually large.   

Brad O’Connor, senior economist for the Florida Realtors, a statewide agents’ reporting and professional trade association, said, “…a couple of months into 2026, it looks like we’re in for a more normal level of listings coming onto the market with slightly improved numbers of sales, rather than a much higher level of both going into the spring. This is still progress for the market, which has at the very least bottomed out in terms of sales and is entering its way back upward.”

Single-family market

Ocala/Marion County’s February median sale price reported for single-family homes was $279,895, a 3.5% decrease from 2025.

“Locally, there was a decline in 17 of the 22 metro areas in the state with inventory levels appearing to have stopped growing on a year over year basis for now. That will shore up current price trends and that’s what we continue to see in the median sale price data. Looking at closed sales of Florida single family homes in February, the median price was down by less than 1% to $412,000 compared to February 2025,” O’Connor said.

The association reported the supply of single-family existing homes statewide stood at 4.8-months’ supply, a 9.4% decrease over last February.

“Months’ supply inventory is a useful indicator of market conditions,” the report stated. “The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory. Anything higher is traditionally a buyers’ market and anything lower is a sellers’ market.”

Statewide, the number of cash sales for single-family homes increased by 3.3%, with a total of 5,646 throughout Florida, which was just under 30% of all sales.

“Cash sales can be a useful indicator,” the report stated, “of the extent to which investors are participating in the market. Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing.”

Ocala/Marion County reported 653 single-family home closings, a 13.4% increase from last February.

Townhouses and condos

The Ocala/Marion County townhouses and condos median sales prices came in at $204,900, a 10.8% increase from last February. A total of 47 closed sales were reported.   

“In the condo and townhouse category, in the condo and townhouse category, the median price fell by a little under 2% to 309,000,” O’Connor said.

Statewide, existing condo-townhouse properties were at a 9.3-months’ supply in February, a decrease of 7.6% from February 2025, with reported total active listings of 69,369. For the sector, the number of cash sales increased by 13.3% to 4,042 and represented more than 57% of the market.