Industry News

Condo median resale prices leap 17%

2004 values increase twice as fast as single-family homes
Published on Feb 10, 2005

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by CareyBot

Sales of existing condominiums and cooperatives hit a ninth consecutive annual record in 2004, and median existing condo prices were up 17 percent, the National Association of Realtors reported this week. The pace of sales activity in the fourth quarter ...