Study: As housing prices crater, condos aren’t hit as hard

If you are a condominium owner, there’s a bright side to all the doom and gloom over the state of the housing market. So say the researchers behind a study that found condominium prices have been falling at a slower rate than the prices for single-family homes.

The study, from the real estate search portal Point2, found that condo prices nationally fell by 4.4% since May while single-family homes prices fell 8.6%. 

Like with much economic news, Florida was a bit of an outlier. Pricing in the state followed the national trend but the dip wasn’t as dramatic. And, in fact, condo prices rose rather than fell in two of the state’s biggest cities.