Condos

July 12, 2011

We’re praising the Lord for the quick sale of our condo.

“Think home sales are weak? Check out condominium sales in our region.

According to the latest Delta Associates Mid-Year Washington/Baltimore Condominium Report, condo sales in the Washington region plummeted 43 percent from June of 2010 to June of this year.

In fact, there are so many unsold condos on the market right now, it would take nearly two and a half years to sell them off.

It’s all in the numbers. For example in Northern Virginia, 1,524 condos were sold by June, 2010 after a 12-month period. By June 2011 in the same time period, only 907 sold.”

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