Posts from July 3rd, 2024
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Perdido Key/Orange Beach 2024 Mid-year Condo Market Update
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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