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Thank you for reading this post, don't forget to subscribe!13.2 MONTHS of Condo Inventory in Miami-Dade
The Insurance Crisis
Florida homeowners pay 4.5x the national average for insurance. Average premium: $8,000+/year. That’s $730/month BEFORE your mortgage. This is equivalent to losing ~$100,000 in purchasing power.
The SB 4-D Effect
After the Surfside collapse, Florida mandated structural inspections and fully funded reserves for buildings 30+ years old. Result? Special assessments of $20,000 to $400,000 PER UNIT. Many buildings are becoming “unfinanceable.”
The Financing Freeze
Lenders are refusing to finance condos in buildings that can’t demonstrate adequate insurance coverage, funded reserves, and structural compliance. No conventional loans = cash buyers only = fewer buyers = longer time on market.
What This Means for You
Buyers: 90+ days on market = negotiating power. But do your homework.
Sellers: Price to current reality. The 2022 peak is history.
The South Florida condo market isn’t just slowing down — it’s being structurally reshaped by insurance, legislation, and lending standards. We analyzed every factor driving the stagnation across Miami-Dade, Broward, and Palm Beach counties.
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