As you can see above, the market continues to stabilize
We are still much further head of pre-pandemic levels when it comes to price
Inventory is as low as it's ever been
Transactions are not as low as 2008, but not too far off either
For example, in 2008 we closed around 500 gulf front condos
So far this year, we have closed 356
So, we are on track to close around 600-650 gulf front condos this year
That is compared to 1,392 in 2021 & 1,052 in 2022
The difference in 2008 and now is prices aren't going anywhere and we still have far more demand than supply
That wasn't the case in 2008
Trust me
I was living it
