🏡 Florida’s Condo Market Has Flipped – Buyers Now Have the Power! 📉If you’ve been waiting for the right time to buy a condo in Florida, this is it! Sellers are struggling, inventory is rising, and buyers now have more choices, more negotiating power, and less urgency than ever before. 🚀In this video, we dive into:
✅ The latest December 2024 market statistics showing the shift 📊
✅ Why rising HOA fees, special assessments, insurance costs, and high mortgage rates are scaring buyers away 💸
✅ How new milestone & structural inspections are impacting older condos 🏢
✅ What buyers need to know before making a purchase 🔍
✅ Essential tips for sellers to get their condos sold in this tough market🔹 Market Stats Breakdown:
📉 Closed Sales Down ⬇️ 4% – Fewer condos are selling
⏳ Time to Sell Up ⬆️ 44.7% – Longer wait times for sellers
🏠 Inventory Rising ⬆️ 48.1% – 8 months of supply (strong buyer’s market!)
📉 Pending Sales Down ⬇️ 10% – Fewer deals happening📢 Buyers, now is your chance! Take advantage of lower prices and negotiate smartly. But be sure to check HOA reserves, assessments, and fees before purchasing.📢 Sellers, be realistic! Overpricing will only keep your condo sitting longer. Price competitively, disclose fees upfront, and act before the season ends in April!💬 Drop your questions in the comments! I’ll personally respond to help you navigate this shifting market.📩 Need expert guidance? Call, text, or email me anytime!📍 Serving Florida’s Treasure Coast:
✨ Stewart | Jensen Beach | Hutchinson Island | Palm City & Beyond🔔 Subscribe for more real estate updates every week! Like this video if you found it helpful! 👍
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Maria Wells is a local market expert, certified REALTOR®, and community advocate serving the Treasure Coast of Florida.
