Florida home sales report

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

The Florida Realtors Association November 2025 market report shows that statewide the median single-family home sale price stayed at $410,000, a 0.2% drop compared to November of 2024. Townhouses and condo median sales price were reported at $299,320, a 3.8% year over year decrease from last November.

The statewide active listing inventory for single-family homes was 104,460, an increase of 3.6% over last year. Statewide inventory for condos and townhomes was reported at 68,656, a 6.5% increase from last November.

“Recent trends in inventory suggest we won’t see a major shift in prices in either direction in the coming months, either. Inventory levels declined month-over-month in both property type categories, which is unusual for November,” said Brad O’Connor, senior economist for the Florida Realtors, a statewide agents’ reporting and professional trade association.

“Year over year, single-family inventory was only up by a little over 3½%. That’s the smallest year-over-year increase we’ve observed in over two years. And over in the condo and townhouse category, we saw the smallest year-over-year inventory increase since June of 2022, at 6.5%.,” O’Connor added.

Single-family market

Ocala/Marion County’s November median sale price reported for single-family homes was $285,000, unchanged from October of this year and a 5% decrease from 2024.

O’Connor said pending sales have increased slightly, with last month’s 23% increase due to the impact of last year’s two hurricanes. This year, a 2.7% increase in pending sales for November is a more normal figure, he said.

“…In actuality, new pending sales of Florida single-family homes were up only 2.7% in November compared to a year ago, based on our newly released reports,” he said.

“It’s typically difficult to extrapolate end-of-year trends into the next year’s spring buying season, but we’re not seeing anything in these sales numbers that give us a reason to be pessimistic as the year turns over. A substantial amount of latent demand is waiting to be unlocked throughout Florida as affordability improves. And affordability really is improving, just at a snail’s pace as rates inch slowly downward, home prices hold relatively steady, or even decline in some areas, and incomes rise gradually over time. Little by little, pent-up housing demand is being unlocked. Florida remains a very attractive destination for out-of-staters; the only impediment in the last couple of years has been affordability,” O’Connor stated.

The association reported the supply of single-family existing homes statewide stood at 4.9-months’ supply, a 2.1% increase over last November.

“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 18.3% with a total of 4,782 throughout Florida, which was just over 27% 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 575 single-family home closings, a 7% increase from last November.

Townhouses and condos

Ocala/Marion County townhouses and condos median sales prices came in at $207,500, a 3.8% decrease from last November. A total of 36 closed sales were reported.

“Meanwhile, over in the condo and townhouse category, where sales trends have been weaker than in the single-family category for quite some time, we might even have expected a year-over-year decline in new contracts in November. But in fact, new condo and townhouse contracts were up by even more than single-family homes, rising by over 5% compared to a year ago. Again, this growth in pending sales would have been even stronger if last year’s hurricanes had not pushed so much real estate activity from October into November,” O’Connor noted.

Statewide, existing condo-townhouse properties were at a 9.4-months’ supply in November, an increase of 6.5% from November of 2024, with reported active listings of 68,656. For the sector, the number of cash sales increased by 7.2%, to 3,088, and represented more than 50% of the market.