Local condo prices fall in aftermath of new safety rules

New condo safety rules are taking a toll on the median sale price of condominium units along the Gulf Coast of the state as well as on the Atlantic coast.

According to a report issued by Redfin on Monday, the median price for a Gulf Coast condominium dropped 4.8% in January when compared with the same time frame last year. The price for a unit on the east coast of the state fell 3%.

Meanwhile, prices for units in the inland parts of Florida rose 5.4% from last year.