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.
Miami-Dade sales ↑>5% yearly in Early-Q2, marking eight straight mo of gains across total home…
Statewide existing single-family closings hit 24.1K in Early-Q2, ↑~2% yearly, while condo-townhouse closings reached 9.3K,…
Florida's housing inventory levels resemble the balanced conditions from 2014-2020 rather than the oversupply seen…
Miami-Dade home sales rose over 5% year-over-year, with single-family homes up 8% and condos nearly…
Florida's housing market has seen eight consecutive months of year-over-year sales growth. April closed sales…
A current Florida review found board dissatisfaction centers on unclear fees, not pricing alone, making…