Victoria Robinson, Realtor

First-time buyers rose to 35%, the highest since June 2020, as inventory opened entry points. Demand remains competitive with 25% of homes selling above list price, but sentiment cooled and homes averaged 2.3 offers.

Florida luxury real estate is booming!
While everyone is talking about high rates and affordability - the wealthy are quietly buying up luxury properties.
Q1 2026 data:
📈 $1M+ home sales up 14% year over year
📈 $5M - $10M homes up 31%
📈 $1M+ condos and townhouses up 41%
📈 $3M - $5M condos up nearly 69%
Affluent buyers aren't waiting for perfect conditions. They're relocating, investing, and buying second homes in Florida - regardless of rates or economic uncertainty.
If you're thinking about buying or selling but waiting for rates to drop or prices to come down - experts are predicting prices will only go higher, with no rate relief in sight.

Pending Home Sales Jump 10% From a Year Ago to Highest Level Since 2022

Sale prices are rising as homebuying demand strengthens.

U.S. pending homes sales jumped 9.6% year over year to their highest level since September 2022, on a seasonally adjusted basis. Pending sales are rising in every major U.S. metro except three (Houston, Detroit and Seattle). Mortgage-purchase applications are up 4% week over week.

Strengthening demand is pushing up prices. The median home-sale price rose 2.2% year over year during the four weeks ending May 10, the second-biggest increase in the last seven months.

Buying may outpace renting in Florida

A 10-year rent-vs.-buy analysis found projected homeowner equity topped renter investment returns in five Florida markets, led by Miami.

Buying in Florida may offer a long-term wealth advantage over renting in several major markets, even when renters invest the money they would have spent on ownership, according to a new analysis.

AD Mortgage’s 2026 “10-Year Rent vs. Buy Wealth Study” compared projected 10-year outcomes for homeowners and renters in 250 U.S. cities. The study measured homeowner equity against renter investment returns, assuming renters invested the down payment and monthly savings in the S&P 500.

In the five Florida markets included in the study, projected homeowner equity outpaced renter investment returns by about $275,000 to more than $509,000.

Miami showed the largest Florida gap. The study projects a typical Miami buyer could build about $1.04 million in equity over 10 years, compared with about $534,000 for a renter who invests instead. That represents an ownership advantage of about $509,000.

Other Florida markets also favored buying over a 10-year period. St. Petersburg showed a projected homeowner advantage of $361,852, followed by Tampa at $340,562, Orlando at $317,027 and Jacksonville at $275,256.

For Realtors in Florida, the study offers a useful way to discuss the long-term tradeoffs between buying and renting. Monthly payments, insurance, taxes and upfront costs remain major barriers for many buyers, and ownership is not the right financial move for everyone.

But the analysis shows how appreciation and loan paydown can change the equation over time, particularly in high-growth Florida markets. For buyers who are financially ready and plan to stay put long enough, the long-term wealth case for ownership may still be strong.

© 2026 Florida Realtors®

МЫ ДЕТКИ ИЗ КЛЕТКИ
🎭Новый спектакль от студии Funny Stage 🤩🥳
📅 Когда: 30 МАЯ
⏰ Время: 2:00 pm и 5:00 pm
📍 Где: 3333 N Federal Hwy, Boca Raton, FL 33431
📞 Билеты: 2pm https://luma.com/er9s4scn
5pm https://luma.com/44kb14rg
Наша детская театральная студия с гордостью представляет новый спектакль по мотивам знаменитой повести «Чучело». Это не просто постановка, а честный и трогательный разговор о том, что волнует каждого ребёнка: о настоящей дружбе, о важности поддержки и о смелости.
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МЫ ДЕТКИ ИЗ КЛЕТКИ
🎭Новый спектакль от студии Funny Stage 🤩🥳

📅 Когда: 30 МАЯ
⏰ Время: 2:00 pm и 5:00 pm
📍 Где: 3333 N Federal Hwy, Boca Raton, FL 33431
📞 Билеты: 2pm https://luma.com/er9s4scn
5pm https://luma.com/44kb14rg

Наша детская театральная студия с гордостью представляет новый спектакль по мотивам знаменитой повести «Чучело». Это не просто постановка, а честный и трогательный разговор о том, что волнует каждого ребёнка: о настоящей дружбе, о важности поддержки и о смелости.

🤩 Приходите поддержать наших ребят! Этот спектакль научит детей ценным урокам и станет прекрасным времяпрепровождением для всей семьи 🥰

Most expensive cities to buy a home
How much space $1 million really buys across select global cities

March 2026 brought 3.98 million in sales, a median sales price of $408,800, and 4.1 months of inventory. The median sales price is up 1.4% year-over-year, and inventory was up 0.1 months from March 2025.

The gap between wanting to own a home and being able to has never been wider. Higher prices, elevated borrowing costs, and scarce affordable inventory have pushed the U.S. homeownership rate to 65.7%, below the pandemic high of 68.0% and well under the 2004 peak of 69.4%. That 2.3-point drop from the pandemic high represents 3.1 million fewer homeowner households.

The median first-time buyer is now 40, decade older than in 1990, and spends nearly 10 years saving for a down payment instead of three.