Florida Statewide Real Estate Market Overview | November 2025
Florida's housing market showed positive signs in November, continuing to respond to lower mortgage rates, according to the latest statistics from Florida Realtors. While the year-over-year data can be slightly skewed due to disruptions from hurricanes Helene and Milton in 2024, the results are still noteworthy.
In November, new pending sales of Florida single-family homes increased by 2.7% compared to a year ago. This is a more modest growth than the 23% increase seen in October, which was influenced by hurricane-related delays in 2024. Meanwhile, new pending sales in the condo and townhouse category saw a stronger increase of over 5%, reflecting resilience in the market despite ongoing challenges.
Closed sales also saw positive growth. Single-family home sales were up nearly 3.5% year-over-year, while condo and townhouse sales grew by 1.5%. These figures suggest steady market momentum, even with the disruptions from last year’s storms.
One of the biggest positives for the market is improving affordability. Mortgage rates have slowly edged downward, home prices have remained relatively steady or declined in some areas, and incomes have gradually risen. While affordability is still a challenge, it is improving slowly, unlocking pent-up demand in Florida, which remains an attractive destination for out-of-state buyers.
The median sale price for single-family homes in November was $410,000, down slightly by 0.2% year-over-year, while the median price for condos and townhouses dropped 3.8% to just under $300,000. Inventory levels also showed some interesting trends, with a slight month-over-month decrease in both property types, which is unusual for November. However, year-over-year inventory growth has slowed considerably, with single-family inventory only increasing by 3.5%, the smallest increase in over two years.
Looking ahead, it seems unlikely that prices will see major shifts in the coming months, given the current inventory trends. Statewide inventory is still about half of what it was at this time in 2008, which signals a tight market moving into the next year.
As always, local trends may tell a very different story than the statewide data, and those looking for a more detailed picture should dive into the latest numbers for their specific metro or neighborhood. If you’d like to explore what these trends mean for your real estate goals, whether you’re buying, selling, or just keeping an eye on the market, I'm always here to help!
Tampa Bay Real Estate Market Local Lowdown
Quick Take — November 2025 Market Overview:
The Tampa–St. Petersburg–Clearwater MSA housing market in November 2025 shows signs of stabilization across both the single-family and condo/townhome segments. While some price declines are evident, especially in the condo market, there is increased seller participation, and buyers are gaining leverage with longer time to contract and rising inventory.
In the Single-family home market, the median sale price decreased slightly by 1.5% to $399,900, showing mild price softening. Inventory grew to 3.8 months, up from 3.5 months last year, signaling a more balanced market. Time to contract extended to 50 days, up from 39 days last year. New listings saw a significant increase of 27% from November 2024, providing more options for potential buyers. Cash sales as a percentage of closed sales remained steady at 24.6%, suggesting ongoing investor activity or buyers with higher liquidity.
The Townhome and Condo market continued to face more significant challenges. The median sale price dropped by 12% to $255,000. The months of supply increased to 6.6 months, indicating a market shift towards more inventory. The median time to contract also extended to 61 days, up from 56 days last year. New listings were down 13% year-over-year, but still, there was a healthy increase in cash sales, which accounted for 48.8% of all transactions, underscoring sustained interest from cash buyers, particularly investors.
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Months Supply of Inventory: 3.8 months, up from 3.5 months a year ago.
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Median Sale Price: $399,900, down 1.5% from November 2024.
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Median Percentage of Original List Price Received: 95.0%, down from 96.0% last year.
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Median Time to Contract: 50 days, up from 39 days last year.
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New Listings: 3,268, up 27% from last November.
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Cash Sales as a Percentage of Closed Sales: 24.6%, down from 27.9% last year.
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Months Supply of Inventory: 6.6 months, up from 5.1 months last year.
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Median Sale Price: $255,000, down 12% from November 2024.
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Median Percentage of Original List Price Received: 92.9%, down from 94.2% last year.
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Median Time to Contract: 61 days, up from 56 days last year.
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New Listings: 1,357, down 13% from last November.
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Cash Sales as a Percentage of Closed Sales: 48.8%, up from 49.1% last year.
Bottom line: November’s data reveals continued price adjustments in the condo and townhome market while the single-family home market remains relatively stable with a healthy increase in new listings. Sellers across all segments should be mindful of pricing adjustments as time to contract continues to extend, and buyers may find increased negotiating power, especially in the condo market.
The data presented here provides a general overview of the Tampa - St. Petersburg - Clearwater MSA and may not accurately reflect the conditions of specific property types or individual neighborhoods within the region. We encourage prospective buyers, sellers, and investors to consult with local real estate professionals who can provide detailed information and insights relevant to specific locations and property types.
Note: You can find the charts/graphs for the Local Lowdown at the end of this section.
Whether you're actively buying or selling, or just keeping an eye on the market, we're here to provide clear, timely insight tailored to your goals.
Each month, I share a quick update on what’s happening across Florida’s housing market, both statewide and locally, so you can stay informed and make confident decisions. If you’re curious how these trends might affect your plans, or just want to talk strategy, I’d love to connect.
