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.

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