This Week: Florida’s Market Reset and New Buyer Protections
Last week, we shared our Southwest Florida market report — how pricing, demand, and inventory are shifting this fall.
This week, we want to talk about two things shaping our real estate landscape right now: Florida’s new condo law (HB 913) and how the current market “reset” is opening real opportunities for both buyers and sellers.
1. Florida’s New Condo Law (HB 913)
Starting July 1, 2025, Florida is making condo ownership more transparent and accountable through HB 913 — an important step forward for anyone buying or selling a condo.
Here’s what’s changing:
- Stricter rules for inspections, reserve funding, and record-keeping in buildings with three or more stories.
- Boards and management must disclose conflicts of interest — for example, if an inspection firm also bids on repair work.
- Buyers now get more time to review condo documents before closing.
- Revoked management licenses will bar individuals from serving in key roles.
- The overall goal is to reduce surprise assessments and build stronger trust between owners, buyers, and boards.
In short, it’s about restoring confidence. Well-run communities that plan ahead and stay transparent will benefit the most.
2. A Market Reset — Not a Downturn
What we’re seeing across Southwest Florida isn’t a drop, it’s a return to balance.
Inventory is growing, prices are leveling out, and buyers finally have time to make thoughtful decisions instead of rushing.
Sellers who price realistically are still closing strong deals — just in a more balanced, sustainable market.
3. Our Advice Right Now
- Lock in your rate early. Even a small rate dip can make a big difference later.
- Use contingencies wisely. This market gives buyers room to protect themselves.
- Review condo reserves carefully. HB 913 makes due diligence more important than ever.
- Ask about off-market listings. Many sellers are open to quiet deals before going public.
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Local Pulse:
The Naples Update
Here’s what’s happening around Naples this week:
Oakes Farms Expands Plans on Davis Blvd
Oakes Farms is planning a major redevelopment — including a larger market, hotel, residential tower, retail, and restaurants — bringing new life to East Naples.
Read more ›
Second Costco Coming to Collier County
Costco has received approval for a second Naples location in East Collier, complete with its signature gas station — a strong sign of area growth and demand.
Read more ›
Stay tuned for more updates shaping our Southwest Florida real estate market.
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