Florida Conventional Condos: July 2026 Market Checklist
Florida’s statewide condo-townhome market deserves a more precise conversation than “buyers are back.” The latest Florida Realtors report shows a year-over-year increase in July closings and pending sales, but a unit still has to pass project, property, insurance and borrower review.
Comparing a Florida conventional condo?
Joe can help organize the unit, association, insurance, assessment and contract questions before you rely on a market headline.
Start a Scenario ReviewWhat July 2026 tells us—and what it does not
The Florida Realtors report says existing condo-townhome closings totaled 8,194 in July, up 11% year over year. New pending sales rose 3.8%, the statewide median sale price was $295,000, unchanged year over year, and supply was 7.8 months.
Those numbers describe a statewide property category. They do not establish the value, insurance acceptability, reserve position or financing eligibility of a particular building or unit. The report itself notes that local conditions differ.
Conventional condo documents to request early
- Project identity. Send the legal name, address, phase, building and unit number.
- Financial records. Request the budget, reserves, assessments, delinquencies and records of major work.
- Insurance. Ask for master-policy information, deductibles, flood coverage where relevant and recent carrier changes.
- Repairs and litigation. Ask the association for available inspection, engineer, repair and litigation information.
- Review path. Fannie Mae’s Full Review guidance explains that the lender must evaluate applicable project standards; send records early.
Fannie Mae’s property-insurance guidance addresses insurance requirements for covered one- to four-unit properties. Condo association and unit-owner policies can raise separate questions, so the lender should review the actual project and coverage.
Questions for the lender and association
- Which agency and project-review path applies to this transaction?
- Are there current or planned assessments, structural work or unresolved repairs?
- What insurance documents and deductibles are required for the project and unit?
- Does the association have the records needed for a timely review?
- Which contract contingency addresses project and financing review?
For related context, see the Value Acceptance appraisal guide and the Full Review guide.
Start with the project facts
Share the condo address and available association records with Joe’s team for an educational conventional scenario review.
Start a Scenario ReviewFrequently asked questions
What happened in Florida’s condo market in July 2026?
Florida Realtors reports 8,194 existing condo-townhome closings, up 11% year over year, and a statewide median of $295,000, unchanged year over year.
Does that mean every condo is easier to finance?
No. The lender must still review the exact project, insurance, repairs, assessments, records and borrower file.
What should a conventional condo buyer request first?
Request project identity, financial, insurance, repair and litigation records early and ask the lender which agency review path applies.
Discuss the exact scenario
Use the secure application or schedule a conversation. Educational information is not a commitment to lend or a promise of approval, terms, savings or timing.
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Sources and scope
- Florida Realtors: July 2026 statewide condo-townhome report.
- Fannie Mae: Full Review process.
- Fannie Mae: property insurance requirements.
Joe Pistone & Team · CrossCountry Mortgage · NMLS# 2087918 · Equal Housing Opportunity · Educational only — not a commitment to lend