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Florida Housing Market Surges Amid Lower Mortgage Rates

10/27/2025

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Summary

Story summary

In September 2025, Florida's housing market posted gains as closed sales of single-family homes rose 13.6% and condo-townhouse sales rose 8%.
The uptick is attributed to lower mortgage rates, which hovered just above 6.5% in August.
New pending sales rose 7% for single-family homes and 6.6% for condos compared with last year.
The statewide median price for single-family homes remained $410,000, while condo prices fell 4.8%.

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Story summary

In September 2025, Florida's housing market posted gains as closed sales of single-family homes rose 13.6% and condo-townhouse sales rose 8%.
The uptick is attributed to lower mortgage rates, which hovered just above 6.5% in August.
New pending sales rose 7% for single-family homes and 6.6% for condos compared with last year.
The statewide median price for single-family homes remained $410,000, while condo prices fell 4.8%.