financing a condo: Why are condos harder to sell than houses or townhomes? - 04/11/11 01:18 AM
In a nutshell, condos are harder to sell right now primarily because they are harder to buy than houses or townhomes due to financing restrictions.

Looking at the historical chart below of months supply of inventory by property type in the Twin Cities metro area, you can see that condos have consistently had the biggest supply in relation to buyers... even in 2005-2006, when all three types were very close and 0% down financing was readily available regardless of property type.

The condo supply grew in 2007, due at least in part to the rapid growth in new condo development and condo conversions... but it … (9 comments)

Sharlene Hensrud, Realtor. Listener. Knowledgable. Patient. (RE/MAX Results - Rainmaker large

Sharlene Hensrud

Realtor. Listener. Knowledgable. Patient.

Saint Louis Park, MN

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RE/MAX Results -

Address: 2605 Campus Drive, Plymouth, MN, 55441

Office: (763) 541-6066

Mobile: (612) 419-0560

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