April 2026 · Townhouses & Condos
Southwest Florida Metro Market Report
Source: Florida REALTORS® / Stellar MLS — North Port-Sarasota-Bradenton MSA
Median Sale Price
$325,000
+1.6% vs. April 2025
Closed Sales
752
+16.0% vs. April 2025
Median Time to Contract
64 Days
+3 days vs. April 2025
Months of Inventory
7.3
Down from 9.0 last year
Pending Sales
675
+26.2% vs. April 2025
Cash Sales
65%
492 of 752 sales
The month in review
The metro-wide condo market turned a corner in April. After Q1 showed a 3.7% price decline, April's median rose 1.6% year-over-year to $325,000 — a modest gain, but the directional shift matters. Closed sales climbed 16% to 752 units and dollar volume jumped 12.2% to $339 million. The recovery is being led by volume first, with pricing stabilization following.
The forward-looking indicators are even stronger. Pending sales surged 26.2% — the biggest jump in any segment this month — signaling that May and June closings should continue the uptrend. Inventory dropped 13.2% to 3,882 active listings and months of supply improved from 9.0 to 7.3. Cash buyers remain dominant at 65%, and sellers are getting 92.3% of list — up 1.2 points from last April. The condo market still has more room to recover than the single-family side, but the bottom is clearly in.
If you’re buying
The condo window is narrowing. Pending sales are up 26% and inventory is dropping — the deals that were available six months ago are getting harder to find. You still have negotiating power with 7.3 months of supply, but the trajectory is clear: this market is tightening. If you find a well-maintained building with solid HOA financials, don't wait for a lower price that may not come.
If you’re selling
The tide is turning in your favor. Volume is surging, prices are stabilizing, and the massive pending-sales increase (+26%) means buyer demand is strong heading into summer. List now while competition is still manageable — inventory is falling but hasn't reached the tight levels of the single-family market yet. Price competitively and lead with transparency on HOA financials to capture the momentum.
Market data is sourced from the MLS and local REALTOR® association reports and is deemed reliable but not guaranteed. Figures reflect the stated property type and area for the period indicated and are provided for general informational purposes only — they are not an appraisal, a guarantee of value, or investment advice. For an analysis specific to your property, request a custom report.
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