Condo Prices Jump to Record Highs
The typical U.S. condo sold for a record $319,000 in February with condo prices increasing nationwide, according to a new report from Redfin (https://www.redfin.com/), the technology-powered real estate brokerage. That’s up 14.6% from a year earlier and 22.7% from two years earlier, just before the pandemic began. Condos are in demand partly because they’re a comparatively affordable option amid skyrocketing home prices[...]