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Inventory Stagnates as Phoenix Condo Sales Slide More Than 30% - Greater Phoenix In Business Magazine
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Inventory Stagnates as Phoenix Condo Sales Slide More Than 30% - Greater Phoenix In Business Magazine
The median U.S. condo sale price fell 2.2% year over year to $354,100 in May—the second largest drop in records dating back to 2012. That’s according to a new report from Redfin, the technology-powered real estate brokerage. The only time condo prices posted a larger year-over-year decline was in April 2023 (-2.9%), and that was largely because roughly one year prior, prices peaked (this was true across all property types). Today, condo prices a…
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