Part 3/9:
In contrast to the single-family home market, condos appear to be facing challenges, with a median price dropping by 2.3% to around $312,000. Concerns over inspections and rising assessments due to regulations like the Surfside Bill have cast a shadow over older condominium units. Inventory for condos is piling up, with properties taking as long as 200 days to sell in some instances. This overabundance provides opportunities for informed buyers but underscores a decline in market sentiment.