(NewsNation) — If the national housing market is cool, the condo market is ice cold.

There were 72% more condo sellers than buyers in August, marking the fifth straight month that figure has topped 70%, according to a new Redfin analysis.

That makes spring and summer 2025 the strongest condo buyers' market in more than a decade — aside from April 2020, when the pandemic briefly froze home sales nationwide.

The mismatch between condo supply and demand is far steeper than in other parts of the market. In August, there were about 30% more single-family sellers than buyers, and 38% more townhouse sellers than buyers, Redfin found.

Like the broader market, condos have been squeezed by high mortgage rates and near-record prices, but they're also facing unique headwinds.

Rising HOA fees and

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