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Looking For A Place To Call Home? Consider A Condominium. | Keeping Current with Real Estate Blog

Tuesday, August 10, 2021   /   by Scott Parks

Looking for a Place To Call Home? Consider a Condominium.

Looking for a Place To Call Home? Consider a Condominium.


It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option.
In fact, trends indicate condos are gaining popularity among buyers. In the latest Existing Homes Sales Report from the National Association of Realtors (NAR), the data shows condo sales rising throughout the first half of this year (see graph below):There are a few reasons more and more people are opting to buy condos – the benefits of condo life can be quite compelling. Let’s explore the main perks to find out if a condo is a good fit for you.
Affordability
According to the NAR report, the median sales price of a condo is roughly $59,000 less than th ...

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  looking for a place to call home? consider a condominium.