Experts said the sales of Florida’s condominium and townhouse decreased by 10.5 % in 2024, the lowest in 15 years, special evaluation of the new condominium safety law and a monthly hike.
Florida’s real estate agent, a leading industry group in Sunshine’s real estate agent, stated that in 2024, in 2024, an existing condominium town of 94,380 was closed in 2024. 。 48.8 billion.
Recent laws may have contributed to a decline.
“The insufficient factors in this category, including concerns regarding compliance in insurance compensation and preliminary requirements, were liable for multiple factors, including giving cold feet to some future buyers.” , Dr. Brad O’Connist, Chief Economist of Floridary Tars, said. “The result is the smallest sales of condominiums and townhouse in Florida in Florida.”
The law was passed in 2022 after a deadly collapse of 12 -story condominiums on the killed surf side, which was killed in Surfside. Structural maintenance or replacement. It is also in other changes. To make money, the condominium association imposed special evaluation and significant hiking on monthly rates.
With the increase in complaints on the condominium, Governor Desantis will prepare the state to lead the drastic change in President Donald Trump’s outstanding immigration, despite the fact that the House of Representatives and Senate leaders said. He said that he could deal with legislation during a special session he made to prepare the nation. When he raised it last November. The session that was delayed by last week’s Freak Winter Storm began on Monday.
The number of people paid to condominiums in cash in 2024 (-14.1 %) was reduced from $ 322,500 in 2023 to $ 320,000 in 2024.
42.8 % more active lists available from the end of 2023 (45,002) (64,283).
The average median means that 50 % of the house is cheaper and 50 % of the house is higher. The average price is divided by sales from total sales.
Single -family housing sales are also slightly decreasing.
According to Florida’s real estate agents, the rapid increase in housing in one household has increased the number, but florida’s housing sales have reached a decrease of -1.9 % in 2023.
“As a whole, the Florida State Market in 2024 had little modest decrease and housing price change,” said Okonor. “There were several fluctuations in mortgages, but they have stayed higher than in recent years. The most important change in 2024 is the performance between the detached house, the condominium and the townhouse market. The gap was expanded and the overall rise.
In 2024, there was a 252,688 detached house closed, down 1.9 % compared to 2023.
Detached housing price in 2024
According to Florida’s real estate agents, the closure of detached houses in Florida accounted for $ 151.6 billion last year, increasing 2.5 % over $ 1499 billion in 2023, totaling 101.7 billion in 2019. It has become a dollar.
The median selling price rose 2.4 % in 2024 and rose $ 410,000 to $ 420,000. Five years ago, the median selling price was $ 264,500.
The average selling price was $ 599.785, increasing 4.5 % to $ 573,997 in 2023, almost twice to the average sales price of $ 346,672.
However, the overall sales have decreased anyway. Probably because it was in an expensive house. More than one million houses have increased 7.8 % year -on -year, and sales in houses increased by $ 600,000 to $ 999,999. Sales have decreased in all other prices.
The time from contract to sales increased, and cash in cash has decreased by 6.3 % since 2023.
What will the sales of detached houses and condominiums be sold in 2025?
“Florida’s housing market is facing several issues in 2025. Several old, some new tasks,” said Okonor. “The mortgage reasons and insurance costs are stubborn, and this year’s spotlight is maintained straight and affordable (or missing).
“In particular, the mortgage fee is concerned about how the federal preparation system will respond to recent inflation and the inflation federal policy that may be enacted later this year. He is still up. “
Also, in order to reduce some additional fees charged by the condominium owner, the parliament has not seen what this year will do this year.
