Not every homebuyer is after the biggest house on the block. Many want something simpler, more affordable, and easier to maintain—especially in a market where every dollar matters. That’s where condos come in.
For first-time buyers, condos can be a great way to step into homeownership without pushing your budget too far. For downsizers, they offer less upkeep while still keeping you close to the communities you love. And right now, they’re one of the most buyer-friendly corners of the market.
More Condo Inventory Means More Choices
According to the National Association of Realtors (NAR), there are currently 194,000 condos for sale nationwide—the second-highest level we’ve seen in the past three years. That means more options and less competition for buyers.
If you’re searching in areas like Tacoma, Puyallup, Auburn, Sumner, SeaTac, Des Moines, Burien, Normandy Park, Lake Tapps, or Bonney Lake, you’ll find more opportunities to be selective. Whether you’re particular about floor plans, amenities, or location, today’s market gives you the space to shop without rushing into a decision.
Just a couple of years ago, the condo market felt frenzied, with buyers competing for limited inventory. Today, with nearly double the availability compared to early 2022, you have more breathing room to find the right fit.
Prices Are Cooling, Giving Buyers More Leverage
With more inventory on the market, many condo sellers are open to negotiation. According to Redfin, condo buyers in many cities are seeing sellers offer concessions or accept less than asking price.
Data from Intercontinental Exchange (ICE) shows that condo prices dipped 1.3% in June compared to last year. Over half of the top 100 U.S. metros saw slight year-over-year price drops, creating more opportunities for buyers.
That shift doesn’t just help with affordability—it also gives buyers the upper hand. In many markets, you can now negotiate on price, ask for seller credits, or secure help with closing costs.
Bottom Line
If you’ve been considering homeownership but want something affordable, manageable, and well-located, condos are a smart option—especially in South Sound cities like Tacoma, Puyallup, Auburn, and beyond.
Looking for guidance on navigating today’s market? Check out your real estate story for local insights and expert support.
