I need to read the Banker & Tradesman more often, because they have some fascinating data on the local condo market. Here are my two favorite excerpts from today’s article:
… condominium sales for the second quarter more than doubled from a year earlier, and posted the strongest sales pace for any second quarter since The Warren Group began tracking data in 1987.
There were 9,735 condo sales in the second quarter, up 109 percent from 4,661 during the same period last year. Sales volume hasn’t come that close to 9,000 since the second quarter 2005, when there were 9,600 condo sales. In the third quarter 2005, condo sales barely exceeded 10,000 – the highest level recorded by The Warren Group.Source: Banker & Tradesman.