Condo Price Trends: Premiums Decline but Still Outpace Pre-Pandemic Levels

Condo Price Trends: Premiums Decline but Still Outpace Pre-Pandemic Levels

Although the price-per-square-foot premium for condos has fallen from its recent peak of nearly 60% in early 2021, it still stood at 35.8% in July. Although the median list price for condos in July was still 30.9% higher than pre-pandemic, condo list prices were down 5.4% from a year earlier, compared with a 0.2% gain for single-family homes. (COMPASS)

10/19/2024