Florida real estate report

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

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Posted April 27, 2026 | Staff report

The Florida Realtors Association March 2026 market report shows that statewide the median single-family home sale price dropped to $420,000, a 1.87% decrease from March of 2025. Townhouse and condo median sales prices were reported at $315,000, which is no change from last March. Although sale prices are down, total transactions increased.

The statewide active listing inventory for single-family homes was 102,288, a 10.6% decrease over last year. Statewide inventory for condos and townhomes was reported at 68,757, an 11.1% decrease from last March. 

Brad O’Connor, senior economist for the Florida Realtors, a statewide agents’ reporting and professional trade association, said, “Closed sales of single-family homes in Florida were up year over year for the seventh consecutive month in March, rising by close to 6%. For the first quarter overall, closings were up a little over 5%. In the condo and townhouse category, closed sales were also up for the seventh consecutive month in March, but they were up far more substantially than single family homes, rising by 12%. That completed a strong first quarter in this category, with sales up 9% year over year for the three-month period.”  

Single-family market

Ocala/Marion County’s March median sale price reported for single-family homes was $280,000, a 3.4% decrease from 2025.

The categories where we saw the most year-over-year growth, which would be led by the segment just under the previous one, were in the $200,000 to $300,000 range, O’Connor noted.

“Sales in that price tier were up by more than 14%. It makes sense that this category would be popular because there are a lot of people looking for affordability right now, particularly with single-family homes. But supply has to be there and it appears there is more of that this year than there was a year ago. Otherwise, last year we would have seen a lot of sales in that price tier as well. So, we’re seeing more sales in this category this year so far,” he said.

The association reported the supply of single-family existing homes statewide stood at 4.8-months’ supply, a 12.7% decrease over last March.  

“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 3.4%, with a total of 6,976, which was just over 28% 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 823 single-family home closings, a 1% increase from last March.  

Townhouses and condos

The Ocala/Marion County townhouse and condo median sales prices came in at $186,750, a 1.2% decrease from last March. A total of 44 closed sales were reported.  

“The median price for condo and townhouse sales in March was unchanged compared to a year ago, remaining at $315,000. That’s no surprise, since this category has been seeing more downward pricing pressure than the single-family category over the past couple of years. In fact, the median price for condos and townhouses was not only down year over year in every single month of 2025, it was also down the final seven months of 2024,” O’Connor said.

Statewide, existing condo-townhouse properties were at a 9.1-months’ supply in March, a decrease of 9.9% from March 2025, with reported total active listings of 68,757. For the sector, the number of cash sales increased by 11.9% to 5,099 and represented more than 54% of the market.