First quarter activity at Breakers Condominiums was a little higher than the first quarter last year. The March sales reversed the upward price trend in place since mid-2022. The number of active units at Breakers Condominiums has increased, with several currently on the market. Days on market for all active listings is higher than those in pending status, indicating demand may be waning for Breakers condominiums in the current environment. Headwinds in financing and other macro economic factors, along with property-specific issues, are likely contributing to weakening demand. Increasing days on market indicate a possible trend switch to a buyer’s market.
