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2024 Perdido Key/Orange Beach Condo Market Trends

As we enter 2025, here's a look at the market trends for condos in the Perdido Key and Orange Beach markets.

The information below was compiled from the MLS, Florida REALTORS SunStats, and Baldwin REALTORS InfoSparks relating to condos and townhomes in Perdido Key, FL and Orange Beach, AL.

SALES VOLUME

2024 continued a downward trend in place since the post-pandemic boom and below the average annual volume over the previous 7 years. This 3-year trend is easily seen in both Perdido Key and Orange Beach markets.

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Perdido Key/Orange Beach 2024 Mid-year Condo Market Update

As summer heats up, so do questions about our local real estate market. With all the news around stubborn interest rates, high insurance costs, and new condo laws, shouldn't we expect prices to ease a bit? Let's dive into the data and see what's really happening in Perdido Key and Orange Beach.

The information below was compiled from the MLS and includes waterfront condos in Perdido Key and Orange Beach, new and planned developments were omitted.

Perdido Key

Looking at sales volume, we see a slight downward trend over the last 18 months:

This decline isn't as severe as the drop in US existing home sales, likely because...

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