Market Intelligence Report — FL-880

Crestview-Fort Walton Beach-Destin, FL

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

Ref. No: 2026-FL-08
As of the latest 2026 data
Very Weak

Median Listing

$586K
-4.7% YoY

Pending Ratio

0.23
+2.4% YoY

Active Inventory

4,255
-11.6% YoY

Median DOM

95 Days
-6.9% YoY

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The Crestview-Fort Walton Beach-Destin market is currently characterized as Very Weak, with a pending ratio of 0.23 indicating significant absorption challenges. This low pending ratio, despite a 2.4% year-over-year increase, underscores a substantial imbalance between demand and available inventory. Median listing prices have experienced a 4.7% decline over the past year, reaching $586,000.

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

4.5%+0.7 pp YoY

Unemployment rate · Jul 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 11.6% year-over-year to 4,255 units, and new listings also declined by 7.6% over the same period. Despite this reduction in supply, demand absorption remains limited, as evidenced by the low pending ratio. Median days on market decreased by 6.9% year-over-year to 95 days, suggesting a slight improvement in transaction pace for the limited demand, while median $/sqft saw a 7.7% annual decline.

Historical Analysis

Market Trends

Median Price

$586K-1.5% MoM

Active Inventory

4,255-11.6% YoY

Days on Market

95-6.9% YoY

Sold Score™

36+2.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

36
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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

In this environment, inventory pressure is minimal, and properties are remaining on the market for an extended duration relative to a balanced pace. Negotiating leverage is significantly tilted toward achieving price discipline, with buyers having substantial room to negotiate. The low pending ratio suggests that absorption will remain slow, requiring price adjustments to meet current demand levels.

Luxury Segment

The average listing price of $1,204,446 is more than double the median listing price of $586,000, indicating a significant premium segment within the market. However, the average listing price has declined by 1.0% year-over-year, and median $/sqft is down 7.7% annually, suggesting some softening at the higher price tiers.

Supply Dynamics

4,255 active listings represent the current floor, with new supply arriving at roughly 832 per month.

Pricing Pressure
18.6%

of active listings carry a price reduction, -1.0% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -7.7% 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 7 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
23%
Median Days on Market
95 days
Inventory YoY
−12%

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Metro Demographics

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