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As of early 2025, the condo inventory in South Florida has reached an unprecedented 9.7 months, a stark contrast to the mere 1.3 months of inventory observed in 2021 during a hyper-competitive market. Properties are lingering on the market for an average of 73 days, with some condos listed for over 150 to 200 days, prompting significant price reductions. The surge in inventory has created a bleak landscape for many sellers, accompanied by severe financial pressures on owners dealing with huge assessments and unexpected building repairs.