Florida's condominium market is seeing increased sales activity. According to Florida Realtors, statewide sales of existing condos and townhouses rose 3.1% in the third quarter of 2026.

For buyers and sellers in Boca Raton, Delray Beach, Highland Beach, Boynton Beach and Deerfield Beach, that headline offers encouragement. But the details reveal a more nuanced picture.

More transactions are closing, yet the statewide quarterly median sale price has remained unchanged.

More Sales. But What About Prices?

Florida recorded 22,664 condo and townhouse closings during Q3 2026, up 3.1% from the same period in 2025.

Yet the statewide quarterly median price remained unchanged at $295,000. September's median price was $293,500, down 1.8% year over year.

The report suggests that buyers continue to participate in Florida's condo market, even as they evaluate affordability and the overall cost of ownership.

What Does This Mean for Boca Raton Condo Buyers?

For buyers searching in Boca Raton and nearby South Florida communities, greater statewide condo inventory may offer additional choices and negotiating opportunities.

But purchasing a condo requires looking beyond the listing price.

Five Things Smart Condo Buyers Should Review

A lower asking price may look appealing, but total ownership costs ultimately determine affordability.

What Does This Mean for South Florida Condo Sellers?

An increase in statewide transactions is encouraging. However, sellers should not assume every property will command a higher price.

Price With Precision

Use recent comparable sales, active listings and building-specific conditions to develop a realistic asking price.

Build Buyer Confidence

Prepare available association budgets, reserve information, inspection records and assessment details.

Market the Lifestyle

Highlight location, views, amenities, upgrades and other meaningful advantages through professional presentation.

What About Boca Raton and Palm Beach County?

Florida's statewide market statistics are useful context, but they do not establish that Boca Raton or Palm Beach County experienced the same percentage increase in sales.

Each South Florida community has its own demand, inventory and price trends.

Boca Raton: Downtown residences, waterfront condos and established inland communities may perform differently.

Delray Beach: Proximity to downtown, Atlantic Avenue and coastal amenities can influence buyer preferences.

Highland Beach: Oceanfront views, building condition and association finances are important considerations.

Boynton Beach: Buyers may compare different price points, amenities and association expenses.

Deerfield Beach: Local competition, community restrictions and total ownership costs can influence purchase decisions.

What Should Condo Owners Know?

If you already own a condominium, increased statewide transactions may be encouraging, but they don't automatically mean your individual property's value has increased.

Understanding your association's budget, reserves, maintenance plans and recent comparable sales can help you make better-informed decisions.

Is the Condo Market Creating Investment Opportunities?

Investors should consider the full financial picture, including rental income, financing, insurance, taxes, association expenses, maintenance and rental restrictions.

Potential assessments can materially influence cash flow and long-term returns.

Could Condo Values Rise in 2027?

That remains uncertain. The latest statewide sales data cannot reliably predict next year's values.

Future prices may depend on mortgage rates, inventory, demand, insurance costs, association financial obligations and individual building conditions.

Frequently Asked Questions

Are Florida condo sales increasing in 2026?

Yes. Existing condo and townhouse sales rose 3.1% statewide in Q3 2026 compared with Q3 2025.

Are Boca Raton condo prices rising?

The statewide report doesn't establish a Boca Raton-specific price increase. Local comparable sales are needed.

Is now a good time to buy a condo?

Some buyers may find more choices and opportunities to negotiate, but the right purchase depends on the property and its overall ownership costs.

Should I sell my South Florida condo now?

That decision depends on your goals, property condition, comparable sales and competing listings.

Will Florida condo values increase in 2027?

Future values are uncertain and cannot be predicted from quarterly statewide sales activity alone.

Source: Florida Realtors, Q3 2026 Housing Market Report.

Read the original Florida Realtors article

Statistics reflect statewide existing condo and townhouse sales. Local South Florida market conditions may vary.