TAMPA, Fla. — Recent reports have suggested there is a shake-up in the Tampa Bay area real estate market with an increase in inventory, but with fewer buyers, leading to what could potentially be a cool down.
However, the real issue, experts say, is the condo market.
What You Need To Know
- Realtors say that if you’re looking for a condo, it’s a buyers market
- The Florida housing market is stable while condo market suffers
- New state laws have increased the costs of owning a condo
Florida is famous for its condo living. In fact, approximately 2 million people live in condos, according to the Florida Department of Business and Professional Regulation. They want to be close to the beach, view the water from their living rooms, and put the yard work behind them…