Florida Homes Reach Contract Faster in Q3 2026
Despite rising mortgage rates, Florida's single-family homes sold faster and for closer to asking price in Q3.
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Despite rising mortgage rates, Florida's single-family homes sold faster and for closer to asking price in Q3.
Tight inventory supports price growth despite higher mortgage rates and reduced sales activity.
Domestic migrants moving to Florida tend to earn more and are more likely to be homeowners than those leaving, even as overall migration slows and international arrivals now dominate net growth.
Florida home sales posted an 11th consecutive year-over-year gain in July, and pending sales rose for a 12th straight month—even as the mortgage-rate tailwind that powered earlier demand continues to weaken.
Florida single-family pending sales climbed 4.1% year over year in June, reaching 24,235 contracts — a sharp contrast to declines seen nationally and across the South.
Closed sales, pending sales, and median prices climbed across both single-family and condo-townhouse segments in June, pushing Florida's year-over-year growth run to 10 straight months.