Condo Revival Slowly Emerging?
The condo market is on an upswing, but sales are still more than 30 percent short from its peak.
From 2009 to 2013, condo sales increased more than 55 percent, while total existing home sales rose by 29 percent during that time period. In comparison, during the boom years between 2001 and 2005, condo sales rose more than 50 percent and existing-home sales increased by 37 percent.
Existing-Home Sales Rise, 2013 Strongest in Seven Years
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