Condo inventory is soaring and pending sales are dropping in major Florida and Texas metros like Miami, Jacksonville, Austin and San Antonio, causing prices to decline. Surging HOA fees, high insurance costs and destructive natural disasters are making buyers question the feasibility of owning a condo.| Redfin Real Estate News
Condo sales dropped 12%—more than three times as much as sales of single-family homes—amid rising HOA fees and insurance costs.| Redfin Real Estate News
Homebuyers, take note: Many listings are selling for under asking price, and most are lingering on the market. Florida homebuyers are seeing the biggest discount.| Redfin Real Estate News
Condo prices are up 5% year over year in inland Florida, but down a respective 5% and 3% on Florida’s Gulf Coast and Atlantic Coast.| Redfin Real Estate News
Over half of home listings last month sat on the market for at least 60 days—the highest November share since 2019—creating a pileup of stale inventory.| Redfin Real Estate News
