Florida single-family inventory drops 13.7% to 4.4 months' supply

Florida’s existing single-family home market tightened in September, with inventory falling to 4.4 months of supply. This figure represents a 13.7% decrease compared to September 2025, according to the September 2026 market report from the Florida Realtors Association.

The drop in inventory places the state firmly in seller’s territory. The report defines a balanced market, one that favors neither buyers nor sellers, as having 5.5 months of inventory. Levels below that benchmark indicate a sellers’ market, while levels above it signal a buyers’ market.

Statewide, the median sale price for single-family homes remained stable at $415,000. This marks a 1.2% increase from the same period in 2025. The number of active single-family listings stood at 95,799, a 9.8% decline from last year.

Brad O’Connor, senior economist for the Florida Realtors, attributed the market behavior to financing costs. He stated that rising mortgage rates have halted price growth, noting that the current interest rate gap is not favorable for housing activity. O’Connor described September as the second consecutive month of declining year-over-year sales.

Despite the slowdown in volume, O’Connor reported that prices have risen for seven consecutive months on a year-over-year basis in the single-family category. He noted that the upper end of the market continues to perform well.

In the Ocala/Marion County submarket, the September median sale price for single-family homes was $280,640. This price point reflects a 1.5% decrease from September 2025. The region recorded 707 single-family closings, a 2.5% decrease from the same month last year.

End-of-month inventory for single-family homes in Ocala/Marion County also declined by 13% compared to a year ago. O’Connor observed that this drop was substantial enough to place current inventory levels below where they stood two years ago, a period when the market was still on an upward trajectory.

The condo and townhouse sector showed different trends. Statewide, the median sales price for these properties fell 1.8% to $293,500. The supply of existing condo and townhouse properties reached 7.7 months, a 15.4% decrease from September 2025. There were 60,367 active listings in this category statewide.

Cash transactions made up a larger share of the condo market. Statewide cash sales for condos and townhouses rose 0.6% to 3,722, representing just over 52% of the market. In contrast, cash sales for single-family homes decreased by 3.5% to 5,743, accounting for just under 28% of all sales in that sector.

In Ocala/Marion County, the median sales price for townhouses and condos was $187,950, a 2.1% decrease from last September. The area recorded 50 closed sales in this category. O’Connor said the condo market is adjusting to reserve requirements and regulations implemented a few years ago, and that affordability remains a primary driver for prospective buyers.