Condo Prices Fell 2% in May—the Second Largest Drop on Record
Condo sales dropped 12%—more than three times as much as sales of single-family homes—amid rising HOA fees and insurance costs.| Redfin Real Estate News
Condo sales dropped 12%—more than three times as much as sales of single-family homes—amid rising HOA fees and insurance costs.| Redfin Real Estate News
The housing market was worth $45 trillion at the end of 2022, down 5% from the June record high—the largest June-to-December drop since 2008.| Redfin Real Estate News
At no other point on record have sellers outnumbered buyers this much. Home prices will likely fall as a result.| Redfin Real Estate News
The jump in housing supply put downward pressure on prices, which grew at the slowest pace in nearly two years last month.| Redfin Real Estate News
