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
| Measure | Figure | 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.
| Measure | Figure | 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
| Measure | Figure | 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
as associations and owners have had more time to adapt to these changes, the market appears to be adjusting, as well.
Works Cited
- “2026 Rate Kit.” Citizens Property Insurance Corporation, Dec. 2025, www.citizensfla.com/documents/20702/35182283/2026+Rate+Kit.pdf. Accessed 10 Sept. 2026.
- “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.
- 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.
- 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.