Florida's condo market looks shaky. Could the bottom fall out?
Sun, Sep 8, 2024 7:10 PM

Florida's condo market looks shaky. Could the bottom fall out?

A Flip by Shubhangi Gupta
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"FLORIDA CONDO MARKET REMAINS IN CORRECTION MODE," Lance Lambert, co-founder of the ResiClub newsletter, posted at the end of last month, noting that condo prices were falling year over year in 18 metros in the state. Another post last month from Nick Gerli, CEO of Reventure Consulting, showed that the estimated value of a St. Petersburg, Fla., condo was 41% below its pandemic peak.

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