Condos are selling like crazy around here. In the past 30 days, according to the Mulitple Listing Service (MLS) 24 condos have gone under agreement and 30 have sold in Salem alone. That's compared to 14 single family homes under agreement and 15 sold in the same time period.
Why are people buying condos faster than single family homes? Condos are a great option for a first time home buyer or someone who has already owned a larger home and wants to downsize. Many people are attracted to condo living because of benefits like professional landscaping and maintenance.
There are advantages and disadvantages to condo living. Follow the link to read an article from Realtor.com on the pros and cons of condo living.
The Condo option
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