South Florida Homes for Sale Quadruple As Residents Leave En Masse

[Yo_Mama_Been_Loggin]

South Florida's housing market is undergoing a sharp reversal as the number of homes for sale climbs to its highest level in nearly a decade—quadrupling since 2022, figures show. Real estate analysts say the surge is driven by a drop in demand and a wave of homeowners deciding to sell amid rising costs and stagnant affordability.

Why It Matters

Florida's housing market is beginning to undergo what experts describe as a correction, as growing inventory and weakening demand start to ease the effects of years of overheated growth.

South Florida, home to many of the state's aging condominiums, has also been grappling with the effects of new building safety legislation enacted after the deadly collapse of Surfside's Champlain Tower South in 2021. The law mandates that condo associations carry out regular inspections and maintain sufficient reserves to cover essential repairs and maintenance.

What To Know

There were nearly 52,000 active home listings across South Florida's tricounty area in April, the South Florida Sun Sentinel reported, citing to data from real estate analytics tool Reventure.

https://www.msn.com/en-us/money/realestate/south-florida-homes-for-sale-quadruple-as-residents-leave-en-masse/ar-AA1EyiN1

[Bernardo de La Paz]

1. Canadians are selling condos and houses because of tRump's attacks on Canada. Adds to surplus. . . nt

[hannah]

2. Reason being

They keep building more and more. Kicking out all our wildlife. Greedy builders offer a million incentives so the the regular people can’t compete to sell

[Norrrm]

3. Selling a house in a tough market... A cash gift that is a scam.

A cash gift that is a scam.
Your new sweetie GIVES you the down payment for a house...

?si=QNdJwm8IDT-m1ygx

[Biophilic]

4. A friend was just telling me this afternoon about all the for sale signs.

She hadn’t been out on the Key (Manasota) for a couple of weeks. The snow birds have been leaving since Easter. Obviously many expect/Hope not to return next year. She said the road on the Key was filled on both sides with for sale signs. Now, granted Manasota Key too a huge hit last year with a very high storm surge. But, yeah, it looks like the boom times are over for the time being. Which is probably a good thing. Florida needs to catch it’s breath and take a look at what’s really happening here.

[Deep State Witch]

5. Just Did Zillow Porn on MIL's Town

My MIL lives in Venice, FL. I just did some Zillow Porn on "Venice, FL". There are 2,288 homes listed for sale. It's like the map is covered in red.

If she tries to sell, she's fucked.