by Mike Colpitts 
Florida home sales jump nearly 14% in September statewide as buyers turn out in force.
- Lower mortgage rates and lower home prices trigger the increase in sales for the second straight month.
- The Florida housing market seems to be finding its footing as pent up demand reaches its peak to transform the market.
Florida home sales surge higher nearly 14% in September over a year ago as home buyers jumped back into the housing market with lower mortgage rates and a drop in home prices. It was the second straight month that home sales have been higher.
The average 30-year fixed rate mortgage fell to 6.19% last week, while the 15-year mortgage dropped to 5.44%.
Closed sales of existing single-family homes rose 13.6%, producing a substantial increase in sales. Condominium and townhouses were also up 8% year-over-year, according to the Florida Realtors latest housing data. Trends seen over the past few months also show Florida’s housing market is showing an increase in active listings.
After more than two years of declining home sales statewide, Florida’s housing market appears to be finding its footing. Pent up buyer demand is increasing with lower home prices and mortgage rates. Condo and townhouse sales were up year-over-year in September for the first time in 17 months.
“For months I have been talking about the importance of understanding what is really happening across our state,” said Florida Realtors President Tim Weisheyer. “We’re seeing clear evidence of buyers’ continued confidence building across Florida. Closed sales are trending higher, pending sales are up for a second straight month, and inventory levels are beginning to level off – all signs that Florida’s housing market remains one of the strongest in the nation.”
Florida home sales surge as closed sales of existing single-family homes across Florida totaled 21,271 in September. Existing condo-townhouse sales totaled 7,187. For the third quarter of 2025, statewide existing single-family home sales totaled 65,776.
“It’s taken a while, but the Florida housing market is finally showing some signs of reaching a bottom in terms of sales,” Florida Realtors chief economist Brad O’Connor said. “Inventory levels continue to show some signs of stabilization, and prices as of late seem to be trending in that direction. Mortgage rates continue to be the key determinant of where the market will go from here.”
Pending sales of Florida single-family homes were also higher, up by 7% compared to a year ago in September. The condo market, which has been suffering through a long term downturn also saw higher sales, with new pending sales up by 6.6%.
The statewide median sales price for single-family existing homes in September was $410,000, unchanged from a year ago, according to state figures. The median price for a single family home in Lee County reached $355,000 in September, one of the lowest prices in the state.
The inventory of single-family existing homes was at a 5.1-months supply in September for the entire state, while condo-townhouse properties were at a 9.1-months supply.