Florida condo sales plummet despite falling prices and rise in ‘motivated’ sellers

Florida’s housing market has been booming for years, but recent data suggests a decline in condo sales. According to Redfin, condo sales were down 6.8% statewide in Florida from a year ago, with pending sales down 3.5% on the year. Surprisingly, this downward trend is happening despite falling prices and an increase in ‘motivated’ sellers. While the rest of the US is experiencing a rise in prices and holding steady sales, Florida’s major markets are struggling. Learn more about this troubling sign for the Sunshine State’s housing market in the link below.

Link: https://finance.yahoo.com/news/paradise-lost-floridas-condo-market-111300152.html