BiggerPockets Daily Condo Market Enters a Deep Buyer's Market
Oct 9, 2025
The condo market has shifted to favor buyers significantly, with a surge in sellers due to rising HOA and insurance costs. Florida and Texas are highlighted as key areas experiencing this trend. However, prospective buyers should remain cautious of new regulations and long-term risks. Negotiation power is stronger than ever, allowing buyers to secure price reductions and concessions. Key advice includes thorough due diligence on HOA finances and understanding the risks versus potential rewards in this evolving market.
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Condo Market Is Firmly Buyer-Heavy
- The condo market has flipped to a deep buyer's market with far more sellers than buyers nationwide.
- In August there were about 72% more condo sellers than buyers, a historic surplus over multiple months.
High Ongoing Costs Undermine Condo Affordability
- Rising ownership costs are a major driver pushing more condos to market despite flat prices.
- Mortgage rates, higher HOA dues, and insurance have erased much of any price advantage for condo buyers.
Regulatory Changes Are Raising Condo Fees
- New inspection rules and reserve funding requirements, especially after Surfside, raised condo maintenance costs in Florida and California.
- Those regulations have materially increased fees and pushed owners to sell.