A Look at How Much Home & Condo Values Have Risen Over the Last 5 Years
Posted by Leo Clark. on
According to new data from Trulia, condo values are inching closer and closer to the home values of single-family homes in markets all over the country—a trend that’s not quite as relevant here in Chicago, but still interesting nonetheless.
Before diving into the numbers, however, it’s also worth noting that Trulia’s analysis is getting some push back from outside analysts and industry pros, citing an unreliable automated valuation model rather than using data that’s a little more concrete in their eyes, like comparable closed sales for example.
Regardless of which model to follow, though, it’s hard to argue that condos are starting to play a more significant role in today’s marketplace, especially in medium-to-large sized cities. And if you look…
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