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January 13, 2015

Best Bang for the Condo Buck

Homeownership

Buying Condo

In today's purchase market, condos could be the answer for many first-time homebuyers and those with lower and/or limited incomes.

With more than 10.2 million condos nationwide, where can you get the best bang for your buck? Condos are cheapest in the Midwest and South, with November 2014 median condo prices of $145,000 and $154,000, respectively. This is followed by a median condo price of $240,000 in the Northeast and $276,000 in the West. Nationally, the median sales price was $199,000.

Read the four reasons why we think condos are a good option in today’s market in today's Executive Perspective blog.

Sources: American Housing Survey, NAR

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