Florida home sales

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

The Florida Realtors Association October 2025 market report showed that statewide the median single-family home sale price stayed at $411,000, a 0.9% drop compared to October of 2024. Townhouses and condo median sales price were reported at $300,000, a 4.8% year over year decrease from last October.

The statewide active listing inventory for single-family homes was 106,585, an increase of 8.9% over last year. Statewide inventory for condos and townhomes was reported at 67,984, a 10.7% increase.

Single-family market

Ocala/Marion County’s October median sale price reported for single-family homes was $285,000, unchanged from September of this year, but a 1.7% decrease from 2024.

Brad O’Connor, senior economist for the Florida Realtors, a statewide agents’ reporting and professional trade association, said pending sales have increased dramatically, by 23% due to the impact of last year’s two hurricanes.

“Because of this base effect, we end up with a 23% year-over-year increase in new pending sales of single-family homes. It’s difficult for us to know exactly what new pending sales would have been in October 2024 had we not had the two hurricanes, but it’s very reasonable to assume they would have been higher…  That’s in line with the gains we’ve seen the prior two months as mortgage rates have trended downward. Again, we’re just taking a stab in the dark here, but I’m reasonably confident that the trends of the prior two months are still in effect now, given that interest rates are where they’re at.”

“After four consecutive month-over-month declines in single-family inventory, and five such declines in the condo and townhouse category, inventory levels in both property type categories were a little higher at the end of the month than where they started, breaking both streaks. As we’ve discussed before, though, this is normal for this time of year as the winter market season starts to wind up for many coastal destinations, particular in Southwest Florida. We still remain at similar inventory levels to those from the beginning of the year,” O’Connor added.

The association reported the supply of single-family existing homes statewide stood at 5.1-months’ supply, an 8.5% increase over last October.

“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 5,772 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 749 single-family home closings, a 12.3% increase from last October.

Townhouses and condos

Ocala/Marion County townhouses and condos median sales prices came in at $170,000, a 22.7% decrease from last October. A total of 47 closed sales were reported.

“The condo and townhouse side of the market remains somewhat weaker than the single-family home side, but as we’ve discussed over the last two months, lower rates have boosted everything, and new pending sales of condos and townhouses are trending upward. There was, however, a similar base effect for new pending sales in October in this category, just as there was for single-family homes, leading to an overstated year-over-year increase of almost 19.5%,” O’Connor said.

Statewide, existing condo-townhouse properties were at a 9.3-months’ supply in October, an increase of 20.8 from October of 2024 and reported active listings of 67,984. For the sector, the number of cash sales increased by 19.1% to 3,583 and represented over 50% of the market.