May 2026 · Townhouses & Condos
Southwest Florida Metro Market Report
Source: Florida REALTORS® / Stellar MLS — North Port-Sarasota-Bradenton MSA
Median Sale Price
$315,000
-0.3% vs. May 2025
Closed Sales
659
+8.6% vs. May 2025
Median Time to Contract
64 Days
+5 days vs. May 2025
Months of Inventory
6.8
Down from 8.6 last year
Cash Sales
57%
375 of 659 sales
Dollar Volume
$282.7M
+9.3% vs. May 2025
The month in review
Metro-wide condo prices are essentially flat year-over-year at $315,000 — a $1,000 dip that rounds to -0.3%. After the volatility of Q1's 3.7% decline and April's 1.6% bounce, May's near-zero change signals genuine price stabilization. Volume continues to strengthen: closed sales rose 8.6% to 659 transactions and dollar volume jumped 9.3% to $282.7 million. Cash buyers account for 57% of closings.
The supply correction is accelerating. Active listings dropped 14.7% to 3,601 units and months of supply fell from 8.6 to 6.8 — approaching balanced territory for the first time since the condo correction began. New listings plunged 15.5%, meaning the pipeline of new competition is shrinking fast. Pending inventory surged 17.1%, pointing to continued closing momentum through the summer. The condo market across the metro has stabilized — prices are flat, volume is up, and the inventory overhang from 2025 is being absorbed at an accelerating pace.
If you’re buying
Condo prices have stabilized across the metro at $315K — the steep discounts of late 2025 are gone. With inventory dropping 15% and new listings down even further, the selection is narrowing. You still have more leverage than in the single-family market with 6.8 months of supply, but the window is closing. Focus on buildings with strong financials and reasonable insurance — those are the first to recover.
If you’re selling
Price stabilization is here. The median is essentially flat, volume is up nearly 9%, and the supply overhang is being absorbed rapidly with inventory down 15%. New listings are falling even faster (-15.5%), meaning less competition ahead. If your building has clean HOA reserves and manageable assessments, this is a good time to list — buyer demand is clearly present and growing, and you're keeping more of your asking price than a year ago.
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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