Closed sales held steady while pending sales slipped, and condos and single-family homes are now moving at very different speeds.
For the previous three quarters, the Southeast Florida market posted an uptick over the year before. The third quarter of 2026 brought a slight downtick in a few areas, though the market is still strong compared to years past.
Through it all, our team’s numbers have been phenomenal, thanks to several things we’ve added to how we work.
Closed sales held steady. Closed sales rose 0.1% compared to the third quarter of 2025. We’ve been holding on this year, and 2025 itself was already better than 2024.
Pending sales signal a slower close. Pending sales fell 4% compared to the third quarter of 2025. Fewer homes going under contract now isn’t a good sign for closings heading into next quarter.
Prices rose while homes sold faster. Days on market dropped 8%, so homes are selling a little faster. The median sales price also ticked up a little over 2%, which has been a good thing for the market.
"Less inventory means less supply for buyers, and that’s what keeps values up."
Tighter inventory is supporting values. Active listings decreased this quarter, and new listings fell about 4% compared to the same period last year. Fewer homes on the market means less supply for buyers to purchase. With less inventory to go around, values have stayed up and days on market have stayed down.
Condo buyers have the upper hand. Months of supply tells a tale of two markets right now. Condos and townhomes sit at about an 11-month supply of inventory, which makes that segment a total buyer’s market. By comparison, single-family homes sit at about a four-month supply.
Condos are taking longer to sell because there’s more supply. A lot of that ties back to the milestone reports and everything else going on with condos these days. Across the board, the average comes out to about a seven-month supply.
Our team is outpacing the market. While pending sales across the market slipped, our team’s closed sales rose nearly 23% in the third quarter, and our pending sales climbed 13%. On pending sales alone, we’re outperforming the market by 17 points.
Those results come from what we’ve added to our approach. We’ve been spending a lot of extra money with the big platforms like Zillow, Realtor.com, and Homes.com. We also have our own account managers at those companies who work with us to showcase and market our listings at a higher level.
Our listings get extra features such as walkthrough videos and 360 tours, and those platforms email the listings to their clients with all of our information included. We’ll keep making those investments to get our homes under contract and sold.
If you’d like more information on the market, or want to know how these numbers apply to your home and your sale, we’d be happy to come by, take a look at your home, and walk through it all in more detail. Call or text us at 561-220-2052, email us at info@tricoliteam.com, or visit www.tricoliteam.com. Have a great day, and we look forward to talking with you about your home