ORLANDO, FL. — Florida’s housing market in November reported more closed sales and more pending sales compared to a year ago, as buyers responded to lower mortgage rates this past month, according to Florida Realtors®’ latest housing report.

“November’s numbers reinforce that Florida’s housing market is on stable footing, with year-over-year gains in both single-family and condo-townhouse sales, and increased pending activity statewide,” said 2025 Florida Realtors President Tim Weisheyer, broker-owner of Dream Builders Realty and dbrCommercial Real Estate Services in Central Florida.  “Our current data reflects continued confidence from buyers and sellers alike.  While shaped by local conditions, Florida’s real estate market continues to remain balanced, and consumers know that working with a knowledgeable local Realtor® is key to navigating opportunities and challenges.”

Florida Realtors Chief Economist Dr. Brad O’Connor noted, like last month’s housing market report, the impact of two hurricanes that struck Florida in September and October 2024 affected the market’s comparison data this month as well.   He explained that the delays caused an unusual bounce in new pending sales last November, so the year-over-year comparison between November of 2025 to November of 2024 is a comparison to an inflated month of data.

“New pending sales of Florida single-family homes were up only 2.7% in November compared to a year ago,” O’Connor said.  “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 pending sales in November.  But in fact, new condo and townhouse contracts were up by even more than single-family homes, a gain of 5.2% 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.”

Last month, closed sales of existing single-family homes statewide totaled 17,674, up 3.4% year-over-year, while existing condo-townhouse sales totaled 6,099, up 1.6% over November 2024, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Closed sales may occur from 30- to 90-plus days after sales contracts are written.

In other positive trends:  While statewide median prices continued to ease and inventory (active listings) rose year over year, November’s data reflected the smallest shift in those metrics in some time, according to O’Connor.

The statewide median sales price for single-family existing homes in November was $410,000, down only 0.2% compared to a year ago, while the statewide median price for condo-townhouse units was $299,320, down 3.8% from November 2024.  The median is the midpoint; half the homes sold for more, half for less.

On the supply side of the market, single-family existing homes were at a 4.9-months’ supply in last month, while condo-townhouse properties were at a 9.4-months’ supply.

“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,” O’Connor said. “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.”

To see the full statewide housing activity reports, go to the Florida Realtors Newsroom and look under Latest Releases or download the November 2025 data report PDFs under Market Data.

© 2025 Florida Realtors®

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Sadly for some time we see a number of sellers who are not keeping up with the changes locally; often putting their homes on the market and selling them for less than what the market can bear.  Additionlly; selling a home the first day on MLS may not guarantee the best price for the seller / homeowner.  Please call Barry at 239-360-5527 for more information.

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Even with Hurricane Ian having passied thrugh Southwest Florida last year, as people continue to move and relocate to the general areas of Lee & Collier Counties; aka: Paradise Coast from other parts of the United States, it is important that we are able to directly serve all of the area; which we do, efficently.  We have the ability to offer many different Choices, Price-Points and Lifestyles all of which are in abundance here in SW FLA, 239RealEstateDeals.Com LLC has blanket coverage of Southwest Florida and most of Florida for that matter by being active members of four different MLS systems.  Additionally we have the latest cutting edge technologies in house with many systems in place to better serve our customers and clients who we represent.

Inventory remains steady, but is increasing overall; we do continue to list and market new South Florida property listings to the marketplace and we sell many different type homes; Resale & New Construction; Multigenerational Family Compounds, Single Family Homes, Villas, Townhomes and all Condo types, from low rise, to Waterfront high rise right on the Beach / Gulf Coast.  We have something for everyome from beach lovers, boaters, golfers, nature lovers to farmers and horse lovers.

We continue to see many people planning ahead, and buying that second home now, rather than waitiang as they were planning to do; especially with Snowmads and Zoombirds working from home.  Previously we had Snowbirds; interesting how terminology keeps changing / evolving.  Hurricane Ian prompted some buyers to start looking again, while other buyers had pulled back momentarily.

Interest rates increases have sadly driven some buyers out of the market place, we do see price reductions on some overpriced and / or under marketed listings.  Even with recent interest rate hikes, buyers are still looking, but showing more prudency than before as we Secure Real Estate Deals for them.  Properties are still selling as it trends towards a more balanced market.

Relatively low inventory overall is still a challenge for active buyers who are not prepared on some property types; but if prepared you are ahead of the game; ask how we can help with all of that.  We do see more listings coming to the market here in Southwest Florida, so, that is good.

We recently got a number amazing deals for buyers; even during the recent Hot Sellers Market; and we are working on others as our market changes a little having gone through a hurricane.  There are deals out there; if you work with us, we will definitely find them for you. 

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