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Podcast: The Real Estate Espresso Podcast
Episode: Condo Meltdown In Florida
Description: A few weeks ago we spoke about the surge in residential real estate in parts of Florida. Inventories are up in several markets. But we are also seeing a surge in condos appearing on the market in South Florida. In fact, the condo sale inventory is up 90% in South Florida and the volume of transactions has fallen through the floor. The number of sale transactions was the lowest it has been since 2012 which was at the bottom of the GFC.Â
We now have 8 months of inventory for condos as compared with last year and the sales statistics f...