The Tallahassee Metropolitan Statistical Area (MSA) housing market posted modest gains in both home prices and sales activity in May 2026 compared to the same month a year earlier, signaling continued resilience despite broader affordability challenges.
According to the May 2026 sales data tabulated by the Florida Realtors® , the median single-family home sales price increased from $340,00 in Mayl 2025 to $355,000 in May 2026, a gain of $15,000 or 4.4%. The increase suggests that home values in the Tallahassee area continue to appreciate, although at a moderate pace that is more consistent with a stabilizing market than the rapid price growth experienced during the pandemic-era housing boom.
Sales activity also improved during the month. Total transactions increased from 330 homes sold in May 2025 to 357 in May 2026, an increase of 27 sales or 8.2%. The rise in transactions indicates that buyer demand remained strong enough to support increased market activity despite higher mortgage rates and elevated home prices.
Year-to-date figures present a somewhat different picture. While overall sales volume is stronger, median prices have softened slightly. Through the first five months of 2026, the median sales price stood at $339,300, compared with $331,000 during the same period in 2025, a decline of $8,300 or 2.5%. The decrease suggests that while May was a strong pricing month, lower-priced sales earlier in the year may have pulled down the cumulative median.
Meanwhile, year-to-date transactions rose significantly from 1,373 sales in 2025 to 1,466 sales in 2026, an increase of 93 homes or 6.8%. This stronger growth in sales volume indicates a healthier level of market participation and suggests that buyers remain active in the Tallahassee market despite economic uncertainties.
Overall, May’s data show a housing market characterized by modest price appreciation and increasing sales activity, while year-to-date figures point to stronger demand but slightly lower average pricing than a year ago.
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