Florida dragging national condo market down as investors back off

A new report finds that investments in condominiums have fallen to the lowest level since the start of the pandemic in 2020.


  • By Louis Llovio
  • | 3:15 p.m. May 28, 2025
  • | 0 Free Articles Remaining!
There will be 78 condominiums in The Ritz-Carlton Residences, Sarasota Bay, expected to open in late 2026.
There will be 78 condominiums in The Ritz-Carlton Residences, Sarasota Bay, expected to open in late 2026.
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A new report has found investors are backing away from putting money into condominiums nationally, with Florida’s well documented trouble dragging the entire market down.

Research firm Redfin found that investments in condos declined 3% year-over-year in the first quarter to the lowest levels since the onset of the pandemic. 

Redfin says the slowdown is due to buyer concern that condos will lose value.

 

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