The Condo Crisis

Prices are falling in most major metros

Since January 2020, single-family homes in the US have appreciated 46%. Condos have only risen by 34%. The chart below shows Zillow’s Home Value Index for single-family homes and condos across 12 major metros, rebased to January 2020 = 100. Through 2019, the two property types appreciated at similar rates. Since then, single-family homes have surged ahe…