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- As the market braces for a potential downturn, Kupchan predicts “market volatility” will likely affect property values across the board, causing interest to shift away from condos to single-family homes and spurring “increased scrutiny and new regulations” for financial and safety stability in Florida’s condo market.
www.msn.com › en-us › moneyExperts warn Florida’s condo market could teeter on collapse ...
As the market braces for a potential downturn, Kupchan predicts “market volatility” will likely affect property values across the board, causing interest to shift away from condos to single ...
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4 days ago · While condo prices are down, they are well above where they were just four years ago. The median sales price was $315,000 in July, up 50% from $210,000 in July 2020, per the Florida Realtors. Only ...
6 days ago · Pre-Covid condo inventory in South Florida was just over 22,000. This was considered a healthy, balanced market before a pandemic-fueled buying frenzy took hold. During the pandemic, condo inventory plummeted, leaving roughly 8,300 condos in South Florida for sale in the second quarter of 2023.
2 days ago · Here’s a deep dive look at recent shifts in condo and single-family home prices across the state—and in the rest of the country. Nationally, condo home values are up 2.4% year-over-year (YoY ...
Aug 16, 2024 · Recent headlines are sounding a warning that Florida's housing market could be in trouble. Affordability issues driven by record-high home prices and elevated mortgage rates have caused the...
Sep 4, 2024 · There were roughly 62,011 active listings equating to 7.4 months supply. For reference, a year earlier, there was just 3.6 months supply in the condo market. Closed sales in the second quarter of ...
3 days ago · This summer, condo sales fell as much as 7% in Miami-Dade, Broward and Palm Beach counties. Meanwhile, the number of condos for sale jumped 60% in Miami-Dade, which will likely have an impact on ...
