Governor Desantis has acknowledged that new condo laws in Florida, while well-intentioned, may strain affordability for residents. The condominium market is experiencing increased inventory and declining prices; as of June 2025, there are 74,327 condos listed, up significantly since pre-pandemic. The median list price for condos has decreased to $350,000—from a high of $445,000 in May 2022—but remains higher than before the pandemic. Recent reforms focus on safety inspections, impacting HOA fees, and allowing associations more financial flexibility in reserving funds for maintenance.
Governor Desantis expressed concerns over housing law impacts on affordability, highlighting the potential strain on residents' ability to stay in their units amid rising inventory and falling prices.
As of June 2025, Florida's condo market shows a significant increase in listings, with the current median price reflecting a notable drop, yet still elevated post-pandemic.
The condo reforms enacted in Florida introduced crucial inspection requirements, which have led to raised HOA fees, revealing the delicate balance between safety and affordability.
New laws also allow condo associations more flexibility regarding financial assessments, potentially easing the immediate financial burden on owners following inspections.
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