F
lorida’s housing market finally shows a clear rebound in August 2025, thanks to a sharp drop in mortgage rates that has reignited buyer enthusiasm. The latest Florida Realtors® report confirms that falling rates are the key driver behind a surge in new pending sales, offering fresh momentum for sellers and home‑buyers alike.
**What’s Changed?**
- **Single‑family homes**: New pending sales jumped 9.9 % year‑over‑year, the largest increase since November 2024 and the strongest growth seen since early 2021.
- **Condos & townhouses**: Pending sales rose 4.9 % YoY, the first positive growth since October 2023 and only the second since November 2021.
- **Closed sales**: Despite the uptick in pending contracts, closed sales fell 3.9 % for single‑family homes and 6.0 % for condos/townhouses, reflecting the lag between contract signing and finalization.
- **Median prices**: The statewide median for single‑family homes is $410,000, down 0.4 % from last year. Condos and townhouses average $290,000, a 6.5 % decline.
- **Inventory**: Single‑family homes have a 5.3‑month supply; condos/townhouses sit at 9.3 months, indicating a healthy balance between demand and availability.
Dr. Brad O’Connor, Chief Economist at Florida Realtors®, attributes the spike in pending sales to the early‑August and late‑August rate cuts. He predicts that continued rate declines into September will sustain the positive trend. Tim Weisheyer, 2025 Florida Realtors® President, notes that as the national economy steadies and the Federal Reserve adjusts rates, Florida’s demand remains robust, keeping competition alive.
**Why a Local Realtor Matters**
Every Florida market—Miami, Tampa, Orlando—has distinct dynamics. A local Realtor® brings neighborhood insight, pricing strategy, and negotiation skills that protect your interests. In a market that can shift quickly, that expertise offers peace of mind and a competitive edge.
**Key Takeaways**
- The August uptick in pending sales signals buyers are back in the market.
- Falling mortgage rates are the catalyst, and the momentum is expected to continue.
- Inventory levels remain balanced, supporting sustainable activity.
- Median prices are slightly softer, improving affordability for many buyers.
Overall, the August report paints a hopeful picture: buyers are re‑engaging, contracts are increasing, and the market is poised for steady growth. Investors and home‑buyers alike can look forward to a more balanced, resilient Florida housing market in the coming months.
