The gap is narrowing

Gap is narrowing graphBecause home prices were so low earlier in the year, first time buyers were able to go from being renters straight from the alter into a 3-bedroom home.

1 and 2 bedroom homes were passed by.

This created a large gap between the price of 2-bedroom condos and 3-bedroom condos.

As 3-bedroom condo inventory shrank, buyers have had to go back to looking at 2-bedroom condos.

2-bedroom condos are hot again! I am forecasting that 2-bedroom condos will raise in price at a clip faster than 3-bedroom condos (if that’s at all possible) as the year continues.

1-bedroom condos continue to have low prices.

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