Condo sales lag on the Suncoast

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SARASOTA, FL - Condo sales are up on the Suncoast but still lag behind big gains seen in the single-family home market.

Recent data for the sale of single family homes have seen gains this year of more than 13%, while condos are seeing just over a 3% increase.

Several factors could be at play including issues related to buyer's obtaining financing for condos and a distaste for condos among larger investment firms.

What does is all mean for the Suncoast Real Estate market? 7 South Newsroom Reporter Josh Taylor is on the story.