[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  The Kobeissi Letter [@KobeissiLetter](/creator/twitter/KobeissiLetter) on x 945.5K followers Created: 2025-07-13 20:37:39 UTC BREAKING: The median US condo sale price declined -XXX% YoY in May, to $354,100, marking the second-largest decrease since at least 2012. The only time condo prices dropped by a larger amount was in April 2023, by -2.9%. Meanwhile, condo sales plunged -XXXX% YoY, the most since June 2024, and more than X TIMES the decline in sales of single-family homes, which fell by -3.7%. Overall, combined sales of condos and single-family homes fell to their lowest level for any May since 2020. This comes as there are ~80% more condo sellers than buyers in the market, according to Redfin. We are seeing some early signs of a housing cool down.  XXXXXXX engagements  **Related Topics** [homes](/topic/homes) [Post Link](https://x.com/KobeissiLetter/status/1944496465851641969)
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The Kobeissi Letter @KobeissiLetter on x 945.5K followers
Created: 2025-07-13 20:37:39 UTC
BREAKING: The median US condo sale price declined -XXX% YoY in May, to $354,100, marking the second-largest decrease since at least 2012.
The only time condo prices dropped by a larger amount was in April 2023, by -2.9%.
Meanwhile, condo sales plunged -XXXX% YoY, the most since June 2024, and more than X TIMES the decline in sales of single-family homes, which fell by -3.7%.
Overall, combined sales of condos and single-family homes fell to their lowest level for any May since 2020.
This comes as there are ~80% more condo sellers than buyers in the market, according to Redfin.
We are seeing some early signs of a housing cool down.
XXXXXXX engagements
Related Topics homes