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Not every buyer is hunting for the biggest house on the block. In fact, a growing number of people are leaning toward something more practical—affordable, low-maintenance, and still in a great location. That’s where condos step into the spotlight.
For first-time buyers, condos can be the perfect entry ticket into homeownership without draining your budget. And for downsizers, they deliver the flexibility of less upkeep while keeping you close to the action. Even better? Right now, the condo market is leaning in your favor.
Condo Inventory Is Climbing—And That’s Good News
The numbers tell the story. According to the National Association of Realtors (NAR), there are currently 194,000 condos on the market nationwide—the second-highest level in the last three years.
What does that mean for you? More choice, less competition, and the breathing room to find a place that truly checks your boxes. Whether you care about layout, amenities, or location, this is your chance to be selective instead of feeling rushed.
Compared to the chaos of early 2022, today’s condo market looks like a buffet—you’ve got options, and you don’t have to settle.
Prices Are Cooling, and Buyers Have the Upper Hand
Here’s where things get even better. With more condos for sale, sellers are more open to negotiating. That could mean snagging a better price, asking for concessions, or getting help with closing costs.
According to Intercontinental Exchange (ICE), condo prices dropped 1.3% year-over-year in June. And more than half of the top 100 metro areas are seeing small price dips. Redfin also reports that many sellers are willing to meet buyers in the middle—or even below asking.
This isn’t just about affordability—it’s about leverage. As a buyer, you’re in a stronger position to negotiate, which puts you firmly in the driver’s seat.
The Bottom Line
Condos aren’t just a fallback option—they’re one of the savviest plays in today’s market. With inventory up, prices softening, and more wiggle room at the negotiation table, now’s the time to explore what the condo market can offer you.
📲 Thinking about making a move? Call or text us at 855-935-MORE and let’s talk about your options.