“This is still good news for buyers, as we have seen fewer multiple offer scenarios, so buyers have more properties to consider and they’re up against less competition. Most importantly, we are seeing more listing priced close to their true market values instead of intentionally underpriced to create bidding wars.
But even among the three most popular styles, we don’t see a huge difference in their prices,” Bennett explains. “It’s important to remember that the terms ‘condominium’ defines the legal ownership of the property. It has nothing to do with the specific structure.