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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