Florida condo market in September 2026: sales held steady, prices dipped 1.8%, and buyers still have the edge

Every month, Florida Realtors adds up condo and townhouse sales from the state’s multiple listing services — the shared databases real estate agents use to list homes. The September 2026 numbers came out on Friday, October 16. They give owners and boards a simple statewide picture: how many units sold, what they sold for, and how long they took to sell.

These are statewide totals for condos and townhouses together. Your building and your town can look very different. Still, the big picture matters, because it shapes what buyers expect when they walk into your lobby.

The September numbers

• Closed sales: 7,179 condos and townhouses sold, compared with 7,187 a year earlier. That is a change of just 0.1% — basically flat.
• Median sale price: $293,500, down 1.8% from $299,000. The median is the middle price: half of the units sold for more, half for less.
• Average sale price: $470,475, up 8.6%. The average is pulled up by a few very expensive sales, which is why the median is the better guide for most owners.
• Cash sales: 3,765 buyers paid all cash, up 5.1%. That is a little more than half of all sales.
• New listings: 12,170 units came on the market, up 3.6%.
• New pending sales — units that went under contract — fell 3.5%, to 7,073.

Fewer units for sale, and they sell faster

At the end of September there were 60,367 condos and townhouses for sale statewide. A year earlier there were 66,341. That is 9% fewer listings.

Units are also moving faster. The median time from listing to contract was 65 days, down from 77 days a year ago. The median time from listing to closing was 104 days, down from 115. Sellers got a median of 93.3% of their original asking price, up from 92.1%.

Florida’s condo market stood at 7.7 months of supply in September, down from 9.1 a year earlier. So it is still a buyers’ market by that measure, but less so than last year. For comparison, single-family homes stood at 4.4 months, and their median price rose 1.2% to $415,000.

Distressed sales stay rare

A “distressed” sale is a foreclosure — where the lender has taken the unit back — or a short sale, where the lender agrees to accept less than what is owed. In September, 41 condo-townhouse sales statewide were foreclosures, down from 66 a year earlier. Short sales rose from 12 to 19. Together that is well under 1% of all sales. Almost every unit that sold was an ordinary sale by an owner.

The third quarter in one line

For July through September, 22,664 condos and townhouses sold, up 3.1% from the same months of 2025. The quarter’s median price was $295,000 — exactly the same as a year earlier. Year to date through September, condo-townhouse sales are up 7.1%.

Florida Realtors’ chief economist, Dr. Brad O’Connor, summed up the overall September market this way: “The story remains one of a housing market that has lost some momentum, but certainly hasn’t fallen apart.”

What to do with these numbers

For owners:

• If you plan to sell, look at your own area, not just the state. Florida Realtors also publishes numbers by metro area, and a local agent can pull sales from your building.
• Price for a market where buyers have choices. At 7.7 months of supply, many buyers can compare several units before they decide.
• Expect questions about the building. Buyers and their lenders often ask about the budget, the reserves, recent inspections and any special assessments. Ask your manager now where those documents are.

For board members:

• Know that the building’s paperwork is part of every sale. Clear, current records on the budget, reserves and repairs help owners answer buyers.
• Share the facts with owners. A short note in the newsletter about what the building has done and what is planned can save owners and buyers a lot of guessing.
• Questions about what a sale disclosure must include belong with the association attorney. Questions about a building’s condition belong with the engineer.

The next statewide release is scheduled for Monday, November 16, 2026, with the October numbers.