As Florida Condo Prices Fall, What’s a Condo Seller to Do?

Pastel stucco condos with palm trees in Florida.

Condo prices in Florida have been steadily falling, fueled by an increasing rate of motivated sellers.

Certainly, high interest rates are a part of this trend, but a closer look suggests that changes to the Florida Condominium Act — the state’s laws governing condominium associations — may be a major factor behind the market trend and also suggests that a development boom could be coming.