11/26/2025
Ugh…doesn’t appear this situation will improve any time soon.
Rising HOA fees and insurance costs are squeezing Florida condo owners, and prices are falling as a result. In August 2025, the median condo price dropped to $285,000—down 8.1% year over year and 14% below the July 2023 peak, per Realtor.com data. It’s the biggest August annual decline since 2010, when prices fell 18.4%.
"Florida’s condo market appears to be softening due to several factors, including rising home insurance costs, elevated HOA fees, and increasing climate-related risks," says Hannah Jones, senior economic research analyst at Realtor.com.
