Condo Sales Seriously Lag Behind Single-Family Homes as Buyers Seek More ‘Bang for Their Buck’

Condo Sales Seriously Lag Behind Single-Family Homes as Buyers Seek More ‘Bang for Their Buck’

The condo market is in the doldrums. This might come as a surprise to homebuyers who know that condominiums are often a cheaper alternative to single-family houses. But in July, condo sales were down 12% nationwide from a year ago, compared with a slump of just 1% for single-family homes, according to data from the
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