Condo & Townhome Snapshot: Opportunity or Trap?

Key points

• Sales dropped 13% Only about 400 townhomes and condos sold.

• Prices down Average prices fell roughly 4% to $248,800; median around $210,000.

• Inventory high About 3,400 units were listed, giving an 8-month supply.

With cheaper prices and abundant choice, condos and townhomes may appeal to first-time buyers and investors. Just watch out for high HOA fees and financing rules. If lifestyle and low maintenance matter more than rapid appreciation, now's a good time to explore attached housing.

By following these simple tips, you'll feel more confident about buying your first home.

Want to get started on your home-buying or selling journey? Text HOME to 832-639-4884 or click HERE to begin!

Resources:

• Sales & pricing data Figures on declining sales and prices for attached homes

• Supply statistics Details on active listings and months of inventory

• Pros and cons Considerations around HOA fees and financing