3) Here's another listing. This is actually a single-family house in Punta Gorda, FL.
Down -35%. Back to 2019 value.
Still sitting on the market after nearly a year. pic.twitter.com/mXpnHMFdAH
— Nick Gerli (@nickgerli1) August 23, 2024
1) To be clear: prices in Florida's condo market aren't down 41% from peak overall.
However, more and more listings are popping up on Zillow and the MLS with huge price reductions.
And in some cases, we're seeing a complete erasure of the pandemic price appreciation.
— Nick Gerli (@nickgerli1) August 23, 2024