Q2 2021 Market Report: The $500k Condo Milestone

Q2 2021 Market Report: The $500k Condo Milestone

The Q2 data is here, and it's a jaw-dropper. For the first time, the statewide median price for a condominium has hit the $500,000 mark.

The Numbers You Need to Know

Single-Family Surge: Prices are up 18% compared to Q2 2020. Inventory Crisis: We have roughly 40% fewer homes for sale than we did this time last year. Days on Market*: Dropped to an average of just 15 days.

Expert Opinion

We are in a unique cycle. Low rates and high demand are pushing values to heights we haven't seen in decades. If you are on the fence about selling, this is your peak window.