Florida’s condo-townhome market posted stronger year-over-year sales activity in May, with closed sales up 6.6% and new pending sales up 9%, according to Florida Realtors data. Chief Economist Dr. Brad O’Connor said the pending-sales gain means the category’s nine-month streak of higher closed sales is likely to continue into June.
New pending sales rose year over year in May, according to Florida Realtors data. Single-family pending sales increased 4.8%, while condo-townhouse pending sales rose 9%, offering an early signal of summer buyer activity as mortgage rates continue to shape the market outlook.
Florida home sales rose again in May, continuing a nine-month streak of year-over-year gains. The data gives Realtors a useful way to talk with buyers and sellers about timing, pricing and how local conditions are shaping activity.
NAR and NAHB are urging federal officials to keep disaster response and flood insurance programs strong while making aid faster and easier to use. The groups support quicker mitigation funding and NFIP modernization but warned that some proposed FEMA changes could limit recovery help for homeowners after major storms.
Gen X buyers are leading demand for multi-generational homes as adult children move back and aging parents need care. Realtors who understand flexible layouts, zoning and family dynamics can better serve this growing buyer group.
Florida TaxWatch expects the state to keep adding residents, a long-term signal for housing demand, inventory and local market needs.
Large companies are linking search, financing and closing into closed ecosystems to capture buyer leads early, a shift industry observers say makes local Realtor relationships and early customer outreach more critical.
Realtors will meet with lawmakers on federal issues tied to everyday customer challenges, including tight inventory, seller tax concerns and buyer access.
Economists say higher energy costs pushed inflation up, but underlying price pressures were more contained – a key distinction for buyers watching mortgage rates.
Outdoor space is playing a larger role in buyer decisions, but sellers may get the most value from simple, low-maintenance curb appeal rather than costly garden upgrades.
