Condos Could Be a Win for Today’s Buyers

Not every homebuyer wants the biggest house on the block. Some prefer something simpler, more affordable, and easier to maintain—especially in today’s market where every dollar matters. That’s where condos come in.

For first-time buyers, a condo can be a smart way to step into homeownership without overextending your budget. For downsizers, it’s a way to reduce upkeep while staying in a great location.

And right now, condos are one of the most buyer-friendly options available.

Condo Inventory Is Up – More Choices for Buyers

According to the National Association of Realtors (NAR), there are nearly 200,000 condos for sale across the country—the second highest level in the past three years.

That means:

• You’re not stuck waiting for months for something to pop up.

• You don’t have to rush into an offer just to beat the competition.

• You have breathing room to find the right layout, location, and amenities that fit your lifestyle.

Compared to the market frenzy of 2022, condo inventory has almost doubled. This shift gives buyers more freedom to be selective.

Prices Are Cooling, and Buyers Have More Leverage

With more condos on the market, sellers are increasingly open to negotiation. This creates opportunities to:

• Get a better price on your purchase.

• Ask for seller concessions, such as help with closing costs.

• Secure terms that work better for your budget.

Recent national data shows that condo prices have eased slightly year-over-year. More than half of the top U.S. markets saw prices tick down, giving buyers additional negotiating power.

Bottom Line

Condos aren’t just a fallback—they’re a strategic way to buy in today’s market. With more inventory, cooling prices, and greater room to negotiate, now could be an excellent time to make your move.

Could a condo check more boxes than you expect? Talk through your options with a trusted local agent and see if it’s the right fit for you.

📞 To connect with me directly, contact me at 917-254-2103.

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