According to a new Redfin report, an overwhelming 68.4 percent of condos sold below their asking price — the highest share in five years. That’s a jump from 63.3 percent last year, signaling a cooling condo market.
Source: Inman News
Condos are selling below list price as fees discourage buyers
Published in Alison Williams, apartments, Asad Khan, california, charlotte, condo listings, condo market, condo market conditions, condo sales, cooling inventory, denver, Florida housing inventory, hoa fees, homebuyers, homebuying, homeowners, homeownership, housing inventories, inman, insurance costs, list prices, Market state, Markets & Economy, mortgage rates, News Brief, original list price, orlando, Redfin, Redfin Premier, Redfin premier agent, renters, sacramento, sale prices, san diego, Select, single-family homes, Tim harper, townhouses and virginia beach
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