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You are here: Home / Real Estate / Condo sales increasing

Condo sales increasing

December 7, 2020 By Geoffrey Disch Leave a Comment

As many homebuyers look to upsize as a result of remote working arrangements or move to the suburbs or more isolated towns, some are finding they are being priced out of single-family homes as prices increase due to low inventory. The next best thing: affordable condos.

As the average single-family home s the U.S. costs $58,000 more than the average condo, more and more families are looking at condos.

Condo sales fell more than 50% in the spring and many are currently heavily discounted. October saw sales increase nearly 23 percent compared to 2019 so this is clearly a growing rend.

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Filed Under: Real Estate Tagged With: condo sales

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