soared to more than 23,250, as part of the overall sales spike fueled by low interest rates, but were back to normal in 2022, with 18,786 sales, despite the end-of-year drop.
The good news: Agents expect this year’s condo market to be healthy, with increased demand as first-time buyers get comfortable with current mortgage rates and more people move back to the city. As of January, the median“The condo market is definitely rebounding in many areas because some buyers want to be back in the city near theaters and restaurants and others want to walk to work now that they’re in the office more often,” Shotwell says.
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