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Buyers might also explore alternatives to condos, such as single-family homes or newer construction options, which may present less risk and more significant long-term value. Given recent natural events like hurricanes and tropical storms, the allure of coastal living is being reassessed by many, prompting interest in properties outside the immediate shorelines.

The Future of Florida's Real Estate Market

While the condo market is undoubtedly experiencing a crash, there are indications that other segments of Florida's real estate market may remain resilient. With median prices for single-family homes also seeing a slight decrease but without the drastic implications of condo assessments, the outlook for this sector may prove more stable in 2025 and beyond.