Florida condo and townhouse closings ↑~7% yearly in Early-Q2, >2x single-family gains, giving agents a stronger affordability conversation with affordability-focused buyers statewide.
New pending condo sales ↑~15% yearly, signaling demand may be stabilizing and strengthening as more affordability-focused buyers reconsider Florida condos and townhouses.
Condos remain one of the more affordable options in many local Florida markets, especially while statewide housing affordability remains challenging for buyers.
Transactions still need careful guidance: median listing-to-contract time reached 60 days, 4 days longer yearly, as reserve requirements complicate condo deals statewide.
Reserve requirements and financing complexities remain important, but agents who explain changing conditions can help buyers and sellers navigate Florida’s evolving market.
