No state is seeing condo prices drop like Florida — and here’s why. Florida is ground zero for the U.S. condo market downturn and it’s not even close. Every pressure point that pushes condo values down is hitting Florida all at once: Insurance premiums doubling and tripling HOA budgets blowing up Out-of-state buyer demand drying up Overbuilt coastal markets now oversupplied Put that together, and Florida is taking the biggest condo hit in the country. The downturn is now so severe that many owne
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No state is seeing condo prices drop like Florida — and here’s wh…
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Florida condo market sees price drops as insurance costs remain high
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The Florida condo market is in free fall. Prices are crashing and inventory is surging. Track condo prices in your zip code on www.reventure.app We’re seeing huge price cuts — as much as 20% over the last two years. In St. Pete Beach, prices are down almost 10% year over year. The main reason? Skyrocketing HOA costs. Near the beach, HOA fees are $1,000–$2,000 per month. It’s too expensive for most second-home or vacation buyers. Now, Florida’s condo market has almost 10 months of supply. That’s
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This Is Why Florida Condo Prices Are Tanking #housing #market
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