Florida’s housing market showed a more negotiable balance in June 2025. Existing single-family closed sales rose year over year, while the median sale price declined from June 2024. Inventory and months of supply increased substantially, and homes generally took longer to reach contract. Longer-term measures still show strong price appreciation and a large role for real estate in Florida’s economy.
Table of contents
- June 2025 market snapshot
- Sales, pending activity, and listings
- Prices and transaction conditions
- Inventory and time on market
- Sales by property and price segment
- Ownership, vacancy, and housing stock
- Affordability, values, and economic weight
June 2025 market snapshot
The Florida Realtors June 2025 single-family market detail recorded 23,827 existing single-family closed sales in June 2025. The comparable June 2024 total was 23,183, while the June 2025 year-to-date total reached 128,364. Despite the stronger monthly result, year-to-date existing single-family closed sales were down 2.3% in June 2025. The monthly closed-sales figure was up 2.8% year over year.
Cash activity was slightly softer. Florida recorded 6,196 cash sales in June 2025, compared with 6,298 in June 2024, a year-over-year decline of 1.6%. Cash sales therefore represented a meaningful part of the month’s completed transactions, but the supplied market detail does not identify the share as a percentage.
The central price measure also moved lower. The median sale price for an existing single-family home was $412,000 in June 2025, compared with $427,000 in June 2024. The year-to-date median was $414,900 in June 2025, down 2.1% according to the Florida Realtors market detail.
| Measure | June 2025 | June 2024 or comparison |
|---|---|---|
| Existing single-family closed sales | 23,827 | 23,183 |
| Cash sales | 6,196 | 6,298 |
| Median sale price | $412,000 | $427,000 |
| Average sale price | $602,497 | $617,768 |
| Months supply | 5.6 months | 4.4 months |
| Inventory | 115,678 | Year-over-year increase of 24.2% |
These figures describe statewide existing single-family activity for the stated month. They are not a forecast for every Florida city or county, and the statewide median should not be treated as a typical price for an individual neighborhood.
Sales, pending activity, and listings
New pending sales were relatively stable year over year. Florida recorded 23,290 new pending sales in June 2025, compared with 23,233 in June 2024. The June 2025 year-to-date total for new pending sales was 145,984. Pending sales measure newly entered transactions before closing, so they provide a different view of activity from the 23,827 completed sales recorded for the month.
New listings totaled 30,153 in June 2025. June 2024 produced 30,975 new listings, while the June 2025 year-to-date total reached 204,013. The comparison indicates that new supply entering the market during June was lower than the year-earlier monthly total, even as the number of active listings already available for purchase increased.
That combination matters for buyers and sellers. A market can receive fewer new listings in a month while still carrying more total inventory if prior listings remain unsold. The Florida Realtors data shows exactly that broader inventory context: 115,678 active listings in June 2025, with year-to-date average inventory of 113,895.
The sales and pending figures should be read on their own dates. June 2025 closed sales represent transactions completed by the reporting period, while new pending sales represent newly accepted activity during that period. Neither figure alone measures all homes currently available or all contracts that will eventually close.
Prices and transaction conditions
The June 2025 average sale price was $602,497, down from $617,768 in June 2024. The average is higher than the $412,000 median because these are different statistical measures: the median identifies the middle transaction, while the average is affected by the mix of homes sold, including higher-priced properties.
Florida’s June 2025 dollar volume was $14.4 billion, compared with $14.3 billion in June 2024. Dollar volume describes the total value represented by reported sales and should not be confused with the average or median price of a home.
The median percentage of the original list price received was 95.4% in June 2025, compared with 96.5% in June 2024. This measure indicates the relationship between the final sale price and the original asking price for the reported transactions. It does not state how much a particular seller should discount a property.
The median time to contract was 46 days in June 2025, up from 35 days in June 2024. The median time to sale was 86 days in June 2025. Time to contract and time to sale are distinct: a contract can be signed before the closing is completed, so the latter includes more of the transaction timeline.
Taken together, the June 2025 figures show lower median and average prices, a smaller median share of original list price received, and longer contracting time than the supplied June 2024 comparisons. These are statewide measures for existing single-family homes, not evidence that every property experienced the same change.
Inventory and time on market
Active inventory totaled 115,678 listings in June 2025, up 24.2% year over year. Year-to-date average inventory was 113,895. Months supply was 5.6 months in June 2025, compared with 4.4 months in June 2024, an increase of 27.3% year over year.
Months supply is a market-balance measure that relates available inventory to the pace of sales. The supplied figure does not mean that each home will take 5.6 months to sell. It is a statewide indicator based on the reported inventory and sales environment for the period.
More active listings give buyers a larger statewide selection than the year-earlier comparison, while the longer median time to contract suggests that homes did not move as quickly overall. The 46-day June 2025 median to contract also shows why inventory and time-on-market measures are useful alongside the sales count: a market may record thousands of closings while still becoming less immediate for sellers.
The increase in months supply should also be kept separate from price direction. The June 2025 median price was $412,000, but inventory and price are not interchangeable measures. The data supports describing supply as higher and the median as lower; it does not support assigning a cause to either movement.
Sales by property and price segment
The Florida Realtors June 2025 detail recorded 23,646 traditional sales, with a median sale price of $414,000. It also recorded 49 short-sale closed sales at a $320,000 median and 132 foreclosure/REO closed sales at a $281,000 median.
These categories describe different transaction types. Traditional sales were much more numerous than the reported short-sale and foreclosure/REO categories. Their medians also differed, with the foreclosure/REO median below the short-sale median and the traditional-sale median.
Time to contract varied by price segment in June 2025. Homes priced from $150,000 to $199,999 had a 42-day median, matching the 42-day median for homes from $200,000 to $249,999. The $250,000-to-$299,999 segment had a 47-day median, while $300,000 to $399,999 had a 49-day median.
The $400,000-to-$599,999 segment had a 45-day median to contract. Homes priced from $600,000 to $999,999 had a 41-day median, and homes priced at $1,000,000 or more had a 56-day median.
| June 2025 price segment | Median time to contract |
|---|---|
| $150,000–$199,999 | 42 days |
| $200,000–$249,999 | 42 days |
| $250,000–$299,999 | 47 days |
| $300,000–$399,999 | 49 days |
| $400,000–$599,999 | 45 days |
| $600,000–$999,999 | 41 days |
| $1,000,000 or more | 56 days |
The price-band results do not form a simple steadily increasing pattern. The highest reported band had the longest median, while the $600,000-to-$999,999 band had the shortest among the listed segments. These figures are medians for the stated bands, not guarantees for an individual listing.
Ownership, vacancy, and housing stock
FLHealthCHARTS Census ACS figures put Florida owner-occupied housing units at 67.6% of occupied housing units in 2024, up from 67.3% in 2023 and 66.9% in 2022. The same source reports renter-occupied housing at 32.7% in 2023, 33.1% in 2022, and 33.5% in 2021. The owner and renter measures shown here come from different stated years, so they should not be combined into a single-year calculation.
NAR Florida housing statistics report 11,721,423 total housing units in 2022. Of those, 8,826,380 were occupied, 5,931,337 were owner-occupied, and 2,895,043 were renter-occupied. The source also reports 1,431,168 vacant housing units and a 12.2% vacancy rate in 2022.
The NAR source reports a 69.7% Florida homeownership rate in the first quarter of 2024. That percentage is not directly interchangeable with the FLHealthCHARTS 2024 owner-occupied share because the source presentation and measurement period differ. Keeping the source and period attached prevents the figures from appearing more comparable than they are.
The 2022 housing-stock totals show why occupied and vacant units should be considered separately. A total-housing count includes units that are not occupied, while the owner- and renter-occupied categories describe the occupied portion. These are stock measures, unlike June 2025 sales and pending activity, which describe a market flow over a reporting period.
Affordability, values, and economic weight
NAR Florida housing statistics report median renter family income of $52,637 in 2022. The income needed to afford a mortgage was $131,688 in May 2024, and the Florida home affordability index was 250.2 for that month. These measures use different concepts: renter family income is an income statistic, required mortgage income is an affordability threshold, and an index is a standardized measure rather than a dollar amount.
The same NAR source reports a $120,000 five-year change in median home values as of May 2024. Florida’s annual price gain over the past five years was 6.4%, compared with an annual wage gain of 4.6%. Those figures describe different growth rates and should not be treated as a direct affordability calculation.
Housing also represents a substantial part of the state’s economy. Real estate, rental, and leasing accounted for 18.6% of Florida GDP in 2023. Florida’s gross state product was $1,579.5 billion in 2023, and the value added by the real estate, rental, and leasing industry was $293.5 billion. Separately, housing and utilities accounted for 16.3% of GDP in 2022, and the total value of owner-occupied housing units was reported at $2,730 billion.
FHFA HPI Summary Tables provide a later long-term price-index reference for Florida in 2025 Q4. Florida’s FHFA purchase-only house price index had a 1-year change of -2.73%, a 1-quarter change of 0.93%, a 5-year change of 50.31%, and a change of 443.19% since 1991. The table ranked Florida 51st for the purchase-only house price index in 2025 Q4. These are index movements and a rank for the stated quarter, not median sale prices or a forecast.
The resulting picture is mixed across time horizons. June 2025 existing single-family activity was up on a monthly year-over-year basis, while prices were below June 2024 and supply was higher. Earlier ownership, affordability, and economic measures show the scale of Florida’s housing system, while the FHFA figures distinguish recent index movement from the much larger cumulative change since 1991.