Florida’s housing market is showing steady strength in 2026—despite rising mortgage rates. In this update, Florida Realtors Chief Economist Brad O’Connor breaks down March and Q1 trends, including sales growth, inventory shifts, pricing, and what’s ahead for buyers and sellers.
⏱️ Chapters
0:00 – Spring market begins + Q1 overview
0:18 – Single-family home sales (up ~6% in March)
0:35 – Condo & townhouse surge (+12% in March)
0:55 – Why 2026 is outperforming 2025
1:20 – Mortgage rate comparison (2025 vs early 2026)
1:55 – Oil prices, inflation & rising rates explained
2:40 – Why March closings weren’t impacted much
3:05 – Where mortgage rates stand now
3:30 – Pending sales: early signal of demand
3:45 – Single-family pending sales (+3.3%)
4:05 – Condo/townhouse pending sales (+9.5%)
4:30 – Are higher rates slowing buyers?
5:10 – Affordability challenges explained
5:45 – Could mortgage rates drop again?
6:15 – Income growth & life changes driving demand
6:50 – New listings & inventory trends
7:30 – Inventory still below last year
8:05 – Home price update (first YoY increase in 14 months)
8:40 – Condo prices remain flat
9:15 – Sales by price tier: where growth is strongest
10:00 – Affordable & luxury segments both rising
10:40 – Luxury market surge (up to +69% in some tiers)
11:05 – Final outlook: slow, steady market improvement
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