Market analysis · July 2026

Pinellas County housing market

Both segments up close to 8% on price, with condo sales up 28% — and the weakest list-price retention of any segment in this register.

Florida, July 2026

Statewide market activity
MeasureFigure Change and period
Median sale price, single-family $425,000 +3.7% year over year
Median sale price, condo and townhouse $295,000 unchanged year over year
Closed sales, single-family 23,870 +5.1% year over year
Closed sales, condo and townhouse 8,194 +11% year over year
Months' supply, single-family 4.5 months no change figure published
Months' supply, condo and townhouse 7.8 months no change figure published
30-year fixed mortgage rate 6.76% no change figure published week ending 10 Sept. 2026

One thing that is widely reported and is not what this data shows

The common claim: Florida condo inventory has surged because of the post-Surfside reserve requirements.

What these figures show: In July 2026, condo active inventory fell year over year in every South Florida county in this register. Condo weakness appears in median price, days to contract and months of supply, not in a rise in listings.

A driver that is documented and dated: Fannie Mae and Freddie Mac eliminated the limited review option for many condo loans on 3 Aug. 2026, and many existing Miami condominium buildings lack FHA approval.

Pinellas County housing market, July 2026

Both segments up close to 8% on price, with condo sales up 28% — and the weakest list-price retention of any segment in this register.

Association MLS data. These figures come from the Realtor association that reports this county, which is the strongest public source available for it.

Market activity, Pinellas County
MeasureFigure Change and period
Median sale price, single-family $469,000 +7.8% year over year July 2026
Median sale price, condo and townhouse $272,000 +8.8% year over year July 2026
Closed sales, single-family 941 +3.7% year over year July 2026
Closed sales, condo and townhouse 578 +28.2% year over year July 2026
Median days to contract, single-family 34 days -19.0% year over year July 2026
Median days to contract, condo and townhouse 69 days -1.4% year over year July 2026
Percent of original list price, single-family 95.8% +2.7% year over year July 2026
Percent of original list price, condo and townhouse 91.9% +1.1% year over year July 2026 The lowest percentage of original list price of any segment in this register.
New listings, single-family 1,097 -5.2% year over year July 2026
New pending sales, single-family 888 -0.9% year over year July 2026
New pending sales, condo and townhouse 517 +5.7% year over year July 2026
Active inventory, single-family 3,076 -23.0% year over year July 2026
Active inventory, condo and townhouse 3,675 -7.3% year over year July 2026
Months' supply, single-family 3.5 months -27.1% year over year July 2026
Months' supply, condo and townhouse 6.7 months -21.2% year over year July 2026

Insurance

Insurance cost, Pinellas County
MeasureFigure Change and period
Citizens personal lines average premium $2,586 -1.8% year over year effective 1 June 2026 Citizens personal lines average premium. Not a countywide market average.
Citizens HO-3 multiperil average premium $2,943 -1.7% year over year effective 1 June 2026

What the numbers actually say

Pinellas condos take 91.9% of original list price against 95.8% for single-family, and carry 6.7 months of supply against 3.5. That gap is the condo story in this county — not price direction, which is positive in both segments.

What the analysts say

reserve requirements and financing complexities continue to create a more complicated environment for condo transactions

Dr. Brad O'ConnorChief Economist, Florida Realtors®

as associations and owners have had more time to adapt to these changes, the market appears to be adjusting, as well.

Dr. Brad O'ConnorChief Economist, Florida Realtors®

Works Cited

  1. “2026 Rate Kit.” Citizens Property Insurance Corporation, Dec. 2025, www.citizensfla.com/documents/20702/35182283/2026+Rate+Kit.pdf. Accessed 10 Sept. 2026.
  2. “Pinellas County Monthly Statistics: July 2026.” Suncoast Tampa Association of REALTORS®, Aug. 2026, pinellasrealtor.org/wp-content/uploads/2026/08/Pinellas-STAR-Monthly-Statistics-July-2026.pdf. Accessed 10 Sept. 2026.
  3. Connolly, Amy. “Florida Condo Sales Strengthen Across Price Ranges.” Florida Realtors, 25 Aug. 2026, www.floridarealtors.org/news-media/news-articles/2026/08/florida-condo-sales-strengthen-across-price-ranges. Accessed 10 Sept. 2026.
  4. Connolly, Amy. “Rising Condo Sales Signal Opportunity as Florida Market Stabilizes.” Florida Realtors, 19 May 2026, www.floridarealtors.org/news-media/news-articles/2026/05/rising-condo-sales-signal-opportunity-florida-market-stabilizes. Accessed 10 Sept. 2026.

Figures describe July 2026 and were compiled on 2026-09-10. Florida Realtors releases August 2026 county data on 16 September 2026. Market data is historical reporting, not a forecast, and nothing here is a prediction about what any individual property will sell for. Jacob Campbell is a Florida real estate sales associate and is not an attorney, CPA, lender, appraiser, home inspector or insurance agent.

Working in Pinellas County

I am a licensed Florida sales associate and can work anywhere in the state, but Pinellas County is not one of the markets I am in week to week. For a transaction here I would either work it directly or place you with an agent who is already in this market through The Keyes Company, depending on which actually serves you better — and I will tell you which I think it is.

Talk to Jacob How referrals work