Part 1/8:
The Decline of Florida's Condo Market: Trends and Implications
The Florida condo market is currently in a significant downturn, demonstrating a troubling decline that shows no signs of stabilizing soon. Over the past year, Florida condo prices have dropped by more than 5%, with an alarming eight months' worth of inventory available. While a 5% decrease might seem minimal in isolation, it contrasts starkly with the growth trends seen across many other regions in the United States, indicating deeper issues at play within Florida's real estate sector.