Condos Could Be a Win for Today’s Buyers

Not every homebuyer wants the biggest house on the block. Some prefer something simpler, more affordable, and easier to maintain — especially in a market where every dollar counts.

That’s where condos come in.

For first-time buyers, they’re a smart way to step into homeownership without overextending your budget.
For downsizers, they offer less space to maintain — with the flexibility to stay in a great location.

And right now, condos are one of the most buyer-friendly corners of the housing market.

Condo Inventory Is Up — and That Means More Choice

According to the National Association of Realtors (NAR), there are 194,000 condos for sale right now — the second-highest level in the past three years (see graph below).

Just keep in mind, that’s a national number. The exact figures vary depending on where you’re buying.
But overall, that means:

• ✅ More options
• 🕒 Less competition
• 💬 More time to decide

You’re not stuck waiting for something to pop up or rushing an offer to beat another buyer.

If you’re particular about layout, location, or amenities, this is your chance to be selective.

That’s a major change from the market frenzy of early 2022, when inventory was scarce and buyers had to move fast.

Today, there are nearly double the number of condos available compared to then — giving you more breathing room to find the right fit.

Prices Are Cooling — and Buyers Hold More Negotiating Power

With more condos for sale, many sellers are more open to negotiation.

You may be able to secure a better price or ask for concessions.

As Redfin explains:

“. . . condo buyers in many cities may be able to find sellers who are willing to give concessions and/or sell for less than their asking price.”

Condo prices are starting to ease across much of the country.

According to Intercontinental Exchange (ICE):

• Condo prices dropped 1.3% in June compared to last year.
• Over half of the top 100 U.S. metros saw year-over-year price declines.

Data from Redfin illustrates this recent dip (see graph below).

That doesn’t just improve affordability — it also shifts the power dynamic.

Buyers now have room to negotiate on price and request concessions like help with closing costs.

Bottom Line

Condos aren’t just a fallback option — they’re one of the most strategic ways to buy in today’s market.

With more listings, softening prices, and extra leverage at the table, this could be the perfect time to make your move.

Could a condo check more boxes than you expected?
Let’s talk through your options and find out.

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