The Pandemic Housing Boom (March 2020 to mid-2022) and the subsequent post-boom cyclical cooling period have impacted home prices across 35 major Florida counties through September 2026.
On the single-family side, 28 of the 35 major Florida counties have seen at least some of their boom gains blown off. But nearly all of them still hold on to most of those gains.
Single-family home price gains in Pinellas County have
significantly outpaced the 29.5% national inflation rate since March 2020.
While the county has lost a portion of its pandemic-era peak, its remaining
home price gains still sit comfortably above the inflation baseline.
Condos have given back far more. In 33 of the 35 major Florida counties, condo prices have blown off some of their boom gains, and in 12 counties, more than half of those gains are gone.
Condo prices in Pinellas County initially surged past 60% during the pandemic housing boom, a significant portion of those gains has since been erased. The remaining price appreciation now sits well under 25%, meaning condo values in the county have ultimately fallen below the 29.5% national inflation baseline since March 2020.
Source: ResiClub/Zillow
Gulf Front condos in Pinellas tell a different story with a net gain of 50% since March of 2020.
My Take: Gulf Front condos thrive on scarcity. Gulf Front land in Pinellas is limited and irreplaceable, currently selling for over $60,000 a lineal front foot. Existing owners have a lot of equity and 70% of Gulf Front condo sales are cash buyers. Remote work and retirement trends continue to drive demand for Gulf Front Real Estate.
Mortgage Rates
Average 7.4%
The average 30-year fixed-rate mortgage remained unchanged this week.
The 30-year fixed-rate mortgage averaged 7.40% as of October 15, 2026, unchanged from last week. A year ago at this time, the 30-year FRM averaged 6.27%.
The 15-year fixed-rate mortgage averaged 6.71%, down from last week when it averaged 6.73%. A year ago at this time, the 15-year FRM averaged 5.52%.
