Market Intelligence Report — FL-880

Crestview-Fort Walton Beach-Destin, FL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-FL-07
As of the latest 2026 data
Very Weak

Median Listing

$595K
-3.8% YoY

Pending Ratio

0.23
+3.0% YoY

Active Inventory

4,415
-12.0% YoY

Median DOM

91 Days
-6.2% YoY

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The Crestview-Fort Walton Beach-Destin market is classified as Very Weak, primarily due to a pending ratio of 0.23, indicating significant demand absorption challenges relative to available supply. This low absorption rate aligns with the established threshold for a severely lagging demand environment.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.4%+0.8 pp YoY

Unemployment rate · Jun 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

315,098+1.6% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Crestview-Fort Walton Beach-Destin market right now.

Active listings have contracted by 12.0% year-over-year, yet new listings increased by 4.6% over the past year. Concurrently, the median listing price has seen a 3.8% year-over-year decrease to $595,000, while the median price per square foot declined by 7.1% over the same period. The pending ratio registered a 3.0% year-over-year increase, but from a low base, signifying that despite a slight improvement in demand absorption momentum, the overall market condition remains challenged.

Historical Analysis

Market Trends

Median Price

$595K-0.7% MoM

Active Inventory

4,415-12.0% YoY

Days on Market

91-6.2% YoY

Sold Score™

35+3.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

35
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current pending ratio of 0.23 suggests that negotiating leverage strongly favors price discipline and extended marketing timelines. With demand absorption severely lagging supply, properties are likely to experience prolonged market exposure, reflected in the median days on market at 91. Buyers are positioned to exert significant influence on pricing and terms, given the elevated inventory and slow absorption pace.

Luxury Segment

The average listing price stands at $1,207,457, experiencing a 2.0% year-over-year decline. This, combined with a median listing price decline of 3.8% and a median price per square foot reduction of 7.1%, suggests a softening at higher price points within the market segment.

Supply Dynamics

4,415 active listings represent the current floor, with new supply arriving at roughly 960 per month.

Pricing Pressure
20.4%

of active listings carry a price reduction, -0.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -7.1% year-over-year.

Absorption
0.23

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Crestview-Fort Walton Beach-Destin, FL? Homes here are taking 6 days less to sell than last year.

Buyers have leverage in Crestview-Fort Walton Beach-Destin, FL. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
24%
Median Days on Market
91 days
Inventory YoY
−12%

In a buyer's market, strategy beats timing. See how your home scores in Crestview-Fort Walton Beach-Destin, FL and what moves the number.

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Metro Demographics

Metro Area
Crestview-Fort Walton Beach-Destin, FL
CBSA Code
18880
State
FL