ORLANDO, Florida – As the spring season began, Florida’s housing market reported more closed sales, increased pending sales and a rise in pending inventory in March and the first quarter of 2026, compared to a year ago, according to Florida Realtors®’ latest housing data.

“Florida’s housing market is showing a more balanced and sustainable direction, with strong year-over-year gains in both sales and pending activity showing buyers are motivated and engaged,” said 2026 Florida Realtors® President Chuck Bonfiglio, broker-owner of AAA Realty Group in Plantation. “At the same time, inventory has improved, giving buyers more options, while price trends remain relatively steady overall – with modest single-family price growth and more flexibility in the condo-townhouse market.”

In a market like this, a Realtor® in Florida can make all the difference: helping buyers and sellers read local trends, price strategically and make smart decisions with confidence.”

Last month, closed sales of existing single-family homes statewide totaled 24,497, up 5.9% year-over-year, while existing condo-townhouse sales totaled 9,423, up 12% over March 2025. Meanwhile, 1Q 2026 closed sales of single-family homes totaled 59,174, up 5.3% year-over-year; closed condo-townhouse sales for 1Q totaled 22,567, up 9% compared to the same quarter a year ago. Closed sales may occur from 30- to 90-plus days after sales contracts are written.

Florida Realtors Chief Economist Dr. Brad O’Connor noted that March marked the seventh consecutive month that closed sales rose in both property categories.

“A major reason for the strong first quarter this year compared to last year is that mortgage rates in the first quarter of 2025 were fairly elevated, with the national average weekly 30-year fixed-rate mortgage ranging between 6.6% and just above 7% during that period,” he said. “By contrast, the average rate was closer to the 6-6.1% range most weeks throughout January and February of this year.”

O’Connor explained that mortgage rates started rising in March in response to a spike in global oil prices. Higher energy prices contribute to inflation because consumers pay more for gas and electricity while prices for food and other goods can also rise to compensate for higher transportation costs.

“In terms of closed sales, however, the recent increase in rates would have had little impact on the number of closings in March since financed closings would have mostly been locked into their rates before the oil shock occurred,” he said. “It’s also important to point out that mortgage rates, while higher now than they were a month or two ago, are still below the levels we were at one year ago, and they have even fallen back just a little here in April so far.”

The statewide median sales price for single-family existing homes in March was $420,000, up 1.8% from the previous year, while the statewide median price for condo-townhouse units was $315,000, the same as a year ago, according to data from the Florida Realtors Research Department in partnership with local Realtor® boards/associations. The median is the midpoint; half the homes sold for more, half for less.

For 1Q 2026, the statewide median price for single-family homes was $415,000, slightly up (0.1%) year-over-year; the statewide median price for condo-townhouse properties was $310,000, down 1.6% from the same quarter a year earlier.

The number of homes for sale statewide that went under contract in March and 1Q rose: New pending sales of existing single-family homes were up 3.3% in March and 7.1% for 1Q 2026 year-over-year. New pending sales of existing condo-townhouse units increased 9.6% in March and 11.6% for 1Q year-over-year.

“Positive growth in new pending sales for Florida in March is a hint that there are factors at play here (outside of mortgage rates) that could allow the market to continue to grow,” O’Connor said. “For one thing, incomes have continued to rise as time marches on, slowly eroding the affordability gap. And the march of time, as always, also brings changes to people’s lives that, in the case of some homeowners, might necessitate selling their current homes and purchasing others.”

“Overall, Florida’s housing market continues to get healthier and healthier by the month, at a slow but steady pace. At the state level, sales growth has been consistent, prices remain fairly level, and inventory has stabilized.”

Inventory (active listings) for both property categories dipped in March as well as for 1Q 2026, compared to a year earlier. Single-family existing homes were at a 4.8-months’ supply while condo-townhouse properties were at a 9.1-months’ supply for both timeframes.

To see the full statewide housing activity reports, go to the Florida Realtors Newsroom and  look under Latest Releases or download the March 2026 and 1Q 2026 data report PDFs under Market Data.

© 2026 Florida Realtors®

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👉 Barry & Kim with the Hoey Team 🍀 239RealEstateDeals.Com LLC ☘ serves all of Lee County and Collier County, including the Gulf Coast Islands here in Southwest Florida.  We Directly Help Sellers and We Directly Help Buyers; with our clients best interests in mind.

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Recently as Listing Agents, Barry & Kim with the Hoey Team 🍀 239RealEstateDeals.Com LLC ☘ helped a number of sellers who had been in Foreberance, Pre-Foreclosure and in similar difficult situations.  We were able to get all of them to a "very good place"; worry free & stress free; with excellent end results for them.   Also, Kim is a certified stager which helps us additionally on all of our listings.  Call us for more information: 239-360-5527.

With access to many different professions on our team, we help and serve people in many different situations; everybody's situation is different even in a hot sellers market as we recently experienced.

If you know someone needing help; or simply wants advice, please have them reach out to us in confidence: 239-360-5527; anytime; we continue to achieve excellent results in the communities where we list and sell across Lee and Collier Counties utilizing our Knowledge, Experience, Systems and Tools.

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. 

For those relocating to Florida (and to other areas), we are pleased to be able to efficently assist homeowners in other parts of the United States who need to sell to buy here; please reach out today for more information and how you can have a smooth, non-stressful transition / relocation with the best available representation.  Call Barry at 239-360-5527.

At our Real Estate Team; Hoey Team 🍀 239RealEstateDeals.Com LLC ☘ we have been succesfully working 100% virtually / remotely for the past number of years; I'm thankful that we already had systems in place to better help sellers and buyer with goal posts continually moving within our industry / profession.

Article content from FR (Florida REALTORS) Newsletter Magazine, and from other sources including Hoey Team, 239RealEstateDeals.Com LLC & Freddie Mac / Fannie Mae - Make sure to ask us for more information on how it may effect you; Call Barry at 239-360-5527 ☘

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🌐  www.HurricaneHelpFL.com  🌀  Post Hurricane Resources and Tools Library 🛠 Barry Hoey, Broker Owner 🍀 239RealEstateDeals.Com LLC ☘ Serving Lee and Collier Counties, Southwest Florida 🌴