Explore the latest trends and challenges in the Florida condo market, from high inventory levels to rising home insurance premiums. Discover key insights and data points shaping the current real estate landscape in Florida.
What is the current trend in Florida condo sales?
March condo sales are at an 8-year low despite high inventory levels.
How much have condo prices increased in Florida over the past 5 years?
Median condo prices have increased by about 74% over the past 5 years.
Why are new listings decreasing in Florida?
New listings have been decreasing for five consecutive months since November 2023.
What is the current month supply of inventory in Florida condos?
Month supply of inventory in Florida condos is at 6.6 months, the highest since at least 2016.
Are home sales by price segment increasing or decreasing in Florida?
Closed home sales by price segment in Florida are all decreasing.
How much have home insurance premiums surged in Florida from May 2021 to May 2023?
Home insurance premiums in Florida surged by 68% from May 2021 to May 2023, the highest nationwide.
What is the impact of new condo regulations post-Surfside collapse on HOA fees in Florida?
HOA fees in Florida are rising due to new condo regulations post-Surfside collapse.
Why are pending home sales decreasing in Florida?
Pending home sales decreased by 12.6% year-over-year in March.
How has the percentage of original list price received evolved in the Florida condo market?
The percentage of original list price received is a lagging indication of market direction, based on closed home sales.
What is the percentage increase of condo inventory in Florida in the past two years?
Condo inventory in Florida has increased by 269% in the past two years.
Explore the latest trends and challenges in the Florida condo market, from high inventory levels to rising home insurance premiums. Discover key insights and data points shaping the current real estate landscape in Florida.
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