Florida housing market data: median home price, year-over-year appreciation, inventory, months of supply, days on market, affordability, and what it means for
Florida is currently a cold market. The median sale price sits near $412,000, down 1.8% from a year ago, with roughly 43,039 active listings and 4.6 months of supply. Homes are going under contract in about 53 days on average.
Florida's median sale price of $412,000 is 1.7% below the $419,300 national median, which places it 20 of 51 states by price level. Year-over-year appreciation of -1.8% ranks 51 of 51, so Florida is currently a slower-appreciating state relative to the rest of the country.
Inside the South region, the median state price is $289,500, so Florida runs 42.3% richer than its regional peers — the closest comparisons are Virginia at $419,000, North Carolina at $372,000, Tennessee at $372,000, Georgia at $361,000. That gap matters for loan sizing: at the same rate, a Florida file carries roughly $122,500 more balance than the regional median, which changes qualifying income and the value of a rate-and-term option.
Florida statewide numbers hide real spread across its metros. This report tracks 5 Florida metros: Miami, FL ($601,000, -0.9% YoY); Tampa, FL ($401,000, -2.4% YoY); Orlando, FL ($402,000, -1.3% YoY); Jacksonville, FL ($372,000, -1.7% YoY); Naples, FL ($621,000, -4.1% YoY). Price a file off the metro your borrower is actually buying in, not the state average.
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Florida is currently a cold market. The median sale price sits near $412,000, down 1.8% from a year ago, with roughly 43,039 active listings and 4.6 months of supply. Homes are going under contract in about 53 days on average.
Affordability remains the binding constraint. At the current national average 30-year fixed rate near 6.42%, the typical payment on a median-priced home in Florida runs about $2,749 per month including taxes and insurance, against a median rent near $1,690. That gap is what determines whether purchase conversations in this market start with payment, with price, or with a buydown structure.
Supply is rebuilding faster than demand can absorb it, which is why price reductions now touch roughly 30% of active listings. Builder incentives are widespread, and permits are running near 27,498 annualized units.
For originators, the practical read is this: seller concessions are widely available, which makes 2-1 buydowns, permanent point buydowns, and rate-improvement conversations the fastest path to a closed purchase.
Florida currently reads as a cold market with 4.6 months of supply. Balanced is generally considered four to six months, so this market is close to balance.
The median sale price is approximately $412,000 as of 7/24/2026, down 1.8% from a year earlier.
Yes. Median prices are down about 1.8% year over year as inventory has rebuilt and price reductions have become common.
The typical down payment on a closed transaction is near $51,121, and the resulting payment at the current national average 30-year fixed rate is roughly $2,749 per month including taxes and insurance. Low-down-payment FHA, VA, and conventional 3% options can materially reduce the cash required.
Our directional 12-month range is -3.4% to 0.0% on median price. Confidence is moderate; the rate path is the dominant variable.
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