August 2026 · Condos & Townhomes
Southwest Florida Metro Market Report
Source: Florida REALTORS® / Stellar MLS, North Port-Sarasota-Bradenton MSA (released September 16, 2026)
Median Sale Price
$309,225
+4.1% vs. August 2025
-3.4% vs. July 2026
Closed Sales
522
+16.8% vs. August 2025
-6.1% vs. July 2026
Median Time to Contract
79 Days
-3.7% vs. August 2025
-1 day vs. July 2026
Months of Inventory
5.1
Down from 6.8 last year
Down from 5.6 in July
Cash Sales
55.6%
290 of 522 closings
+0.4 pts vs. July 2026
List Price Received
92.7%
+3.4 pts vs. August 2025
+0.9 pts vs. July 2026
The second line, where shown, compares to the immediately prior published period and is not seasonally adjusted, Southwest Florida real estate moves with the calendar, so a single-period swing can reflect the time of year as much as the underlying market.
The month in review
Metro condo and townhome sales rose 16.8% year-over-year to 522 closings, with the median price up 4.1% to $309,225 and the average up 4.6% to $409,717. Dollar volume rose 22.1% to $213.9 million. With the average and the median moving in step, August's gains look broad-based rather than driven by a few luxury sales.
Active inventory fell 13.7% to 2,830 units and months of supply dropped to 5.1 from 6.8 a year ago. Median time to contract improved to 79 days from 82, and sellers received 92.7% of original list price, up 3.4 points. Pending inventory rose 20.2% to 886, the largest pipeline gain of any metro segment.
If you’re buying
Condos remain the more patient segment, with 5.1 months of supply and sellers still conceding more than 7% off original asking. But supply is down sharply and pending inventory is up about a fifth year-over-year, so the room to negotiate is shrinking. Look at the building's financial health first: reserves, insurance, and assessment history protect your resale value.
If you’re selling
Condo demand is broad and rising: sales up 16.8%, pending inventory up 20.2%, and list price received up more than three points. Buyers are still deliberate at a 79-day median time to contract, so realistic pricing and complete building documentation up front are what turn interest into a closed sale.
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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