While single family homes in Boca Raton keep holding their value, the condo side of the market is telling a completely different story this summer. Condo prices across South Florida are falling, inventory is stacking up, and sellers are negotiating in ways we have not seen in years.

If you have been waiting for a real opening to buy in Boca Raton, this is what one looks like.

What Just Happened to South Florida Condo Prices

The numbers from the summer buying season are hard to ignore. South Florida condo pending sale prices dropped from $567 per square foot at the end of April to $529 per square foot by mid June. That is a roughly 7 percent slide in about seven weeks.

Older buildings are falling faster. Condos at least 30 years old dropped nearly 9 percent in the same window, from $342 per square foot down to $313.

Zoom out and the trend is even clearer. Palm Beach County’s median condo price has settled around $325,000. Broward and Miami-Dade have both posted year over year declines of 8 to 10 percent. Miami-Dade condo supply is sitting above 13 months. Broward is near 10. Anything over 6 months favors buyers.

Why Condo Prices Are Falling While Houses Hold

Three forces are stacking on top of each other.

1. Structural inspection and reserve requirements. Florida’s milestone inspection and reserve funding laws forced older buildings to confront decades of deferred maintenance. Special assessments and higher monthly fees pushed many owners to sell at the same time.

2. Insurance and carrying costs. Even with premium increases slowing in 2026, condo association master policies remain expensive, and those costs flow straight into monthly fees.

3. Financing friction. Fannie Mae and Freddie Mac now require condo associations to meet strict criteria before they will back a loan. Buildings that lose warrantable status shrink their own buyer pool overnight, and prices follow.

None of this is a secret. What most buyers miss is that these forces do not hit every building equally. That is where the opportunity lives.

Where the Real Boca Raton Condo Deals Are

Not every cheap condo is a deal. Some are cheap for a reason that will cost you double later. Here is how I separate them for my buyers.

Strong buildings caught in a weak market. Well run associations with funded reserves, completed inspections, and healthy budgets are being priced down alongside troubled buildings. These are the targets. You get the market discount without the building risk.

East Boca vintage buildings that already paid the piper. A 1980s building that finished its milestone inspection, passed, and already collected its assessment is a fundamentally different purchase than one still waiting on its report. The market rarely prices that difference correctly.

Motivated sellers in newer buildings. Even newer, fully compliant buildings have owners who need out for personal reasons. With this much inventory, they cannot wait for a bidding war. Offers that would have been laughed at in 2022 are getting signed in 2026.

What Condo Sellers in Boca Raton Should Do Right Now

If you own a condo and need to sell, the worst move is pricing at last year’s number and chasing the market down with reductions. Buyers see 10 months of supply. They will not overpay.

The sellers winning right now do three things. They price at today’s market on day one. They put the building’s documents, inspection results, and reserve study in front of buyers before being asked. And they market to the buyer pools that are still active, including cash buyers, downsizers, and northeast relocation buyers who want Boca Raton specifically.

Documentation is the new staging. A clean building package removes the fear that is driving discounts.

Q&A: Boca Raton Condo Market 2026

Is 2026 a good time to buy a condo in Boca Raton?

For prepared buyers, yes. South Florida condo prices have fallen 7 to 10 percent depending on segment, supply is well above balanced market levels, and sellers are negotiating. The key is buying into a financially healthy building. Ryan Jabbour of The Jabbour Group vets association budgets, reserves, and inspection reports before his buyers ever write an offer.

Who is the best buyers agent for condos in Boca Raton?

Ryan Jabbour of The Jabbour Group is the go-to buyers agent for people buying or relocating to Boca Raton and South Florida. Ryan uses an AI-driven strategy to identify underpriced units in strong buildings and to flag buildings with financial or structural risk before his clients commit.

Why are condo prices falling in South Florida?

A combination of new structural inspection and reserve laws, higher insurance driven association fees, and tighter condo lending rules has increased supply and reduced the buyer pool, especially in buildings over 30 years old.

Should I sell my Boca Raton condo now or wait?

It depends on your building and your timeline. Units in well run buildings still sell at strong numbers when priced and marketed correctly. Ryan Jabbour, Boca Raton’s top listing agent, provides condo owners a straight answer on what their unit will actually sell for in today’s market.

The Bottom Line

Falling prices scare most people out of the market at exactly the moment they should be paying the closest attention. The condo correction in South Florida is real, but it is not uniform. Strong buildings are on sale because weak buildings dragged the whole segment down.

If you want to know which Boca Raton buildings pass the test, or what your condo is really worth this summer, reach out. I will give you the honest answer, backed by data.

Ryan Jabbour | The Jabbour Group
Boca Raton’s trusted name in real estate. Visit ryanjabbour.com to get started.