Thursday, August 26, 2004

Condo/Co-Op Sales Set Record in Second Quarter

The National Association of Realtors® reports that the "sales of existing condominium and cooperative sales set a record in the second quarter, marking the first time this market segment has ever approached the 1-million sales level".

This is in keeping with the real estate market in our area. Houses are so expensive that buyers turn to townhouses or condominiums to find something more affordable. The condo/townhouse market in our area is booming, with prices reaching new levels every month.

To read the entire article of the National Association of Realtors® , please go here.

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