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Florida Condo Prices Plummet 6.1% Amid Rising Costs

7/17/2025

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Summary

Story summary

Condo prices in Florida are taking a nosedive, with the median price dropping 6.1% to $310,000 in May. Rising HOA fees, soaring insurance costs, and stricter safety regulations after the Surfside tragedy are driving sellers away, causing inventory to surge and sales to plummet across major metropolitan areas.

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Story summary

Condo prices in Florida are taking a nosedive, with the median price dropping 6.1% to $310,000 in May. Rising HOA fees, soaring insurance costs, and stricter safety regulations after the Surfside tragedy are driving sellers away, causing inventory to surge and sales to plummet across major metropolitan areas.