Florida condo and townhouse sales rose 7% year over year in April, with pending sales up nearly 15%, giving agents new tools to re-engage affordability-focused buyers statewide. Three years ago, new safety regulations enacted after the Surfside condominium collapse disrupted Florida’s condo market. Association fees climbed. Insurance became more difficult and expensive to secure. Mortgage financing grew more complicated. Buyers pulled back, and sales slowed sharply. That adjustment period now appears to be easing, and the numbers are starting to reflect it. According to April housing data, closed condo and townhouse sales in Florida rose about 7% year over year, more than double the increase seen in single-family home sales statewide.
Source: Florida REALTORS
My Take: The stats in our local beach market look even more dramatic. The number of closed condo sales in Madeira Beach, The Redington’s, Indian Shores and Indian Rocks are up just over 60%.
Mortgage Rates
Average 6.51%
The 30-year fixed-rate mortgage averaged 6.51% this week. As rates fluctuate, aspiring buyers should remember that by shopping around for the best mortgage rate and getting multiple quotes, they can potentially save thousands.
The 30-year fixed-rate mortgage averaged 6.51% as of May 21, 2026, up from last week when it averaged 6.36%. A year ago at this time, the 30-year FRM averaged 6.86%.
The 15-year fixed-rate mortgage averaged 5.85%, up from last week when it averaged 5.71%. A year ago at this time, the 15-year FRM averaged 6.01%.
