Recent storms and new law weigh on Marco Island condo sales (FL)

/ Owner - October 28, 2024

With twice as many condominium units as single-family homes, Marco Island is seeing the effects of a slow condo real estate market caused by past hurricanes, high interest rates and a new state inspection and safety law.  Total real estate sales were down 8% in August versus a year ago, according to the Marco Island Association of Realtors. Condos are staying on the market 120 days, up 79%, compared to 69 days for single-family homes, which is down 7%.    Read the article…………………………….

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