A recent report from Redin says investor purchases of condos fell 3% year over year to the lowest level in 10 years, driven largely by investors retreating from Florida. They say fewer condos are being bought because the condo market is slowing faster than the overall housing market, with buyers concerned condos will lose value. Redfin says nearly seven in 10 (68%) U.S. condos sold below list price at the start of 2025 – the lowest share in five years.
Florida’s stagnant condo market is one reason investor purchases of condos are down nationwide. Florida condos are struggling largely because HOA fees are surging and insurance costs are rising amid the increase in climate-driven natural disasters. Additionally, many of Florida’s condo buildings are oceanfront, making them particularly vulnerable to climate disasters.
In addition, the report says investor purchases of U.S. homes rose 2% year-over-year in Q1 2025. They say investor activity has been fairly stable for the past two years, after the wild up-and-down swings of the pandemic era. The data comes from county-level home purchase records across 39 of the most populous U.S. metropolitan areas
Click here to read the full report at Redfin.
