The condo market has been growing quickly, with prices in some cities reaching record highs.
But some condo buyers are still facing a bit of a bump.
The median price of a condo in New York City rose from $1.5 million to $1 million in January, while prices in Miami jumped by an additional 25 percent, according to a study released Thursday by RealTrader.
That’s the fastest increase of any major U.S. city.
While the study doesn’t include the rise in prices in Manhattan, a city where condo prices have soared over the last decade, the data suggests that prices are on the rise there too.
And it’s likely to continue for some time.
According to the RealTraders data, Manhattan is now the fourth-most expensive city in the country.
That is compared to the seventh-most affordable city, Detroit.
In the latter city, a single-family home with two bedrooms can now fetch as much as $1,050,000, according the study.
While prices are still rising fast, there are some things to consider before you make your decision:The median rent in Manhattan is $2,800 a month, according a recent report by the Center for American Progress.
That compares to the $1 a month that it would cost in Detroit, which is still below the national median rent of $2.50.
So it’s not like Manhattan is cheaper to live in, said Chris Fenn, a senior fellow at the Urban Institute, a nonpartisan policy research group in Washington.
It’s important to know what you’re buying, Fenn said.
You should also know how much you’re paying, because you may have to negotiate a monthly payment down.
If you’re in a market where you need to rent, it’s important that you can afford to rent it, he said.
If you’re not buying a single family home, the median price for condos is $1 per square foot, according To Realtor.com.
That number is actually lower than the median rent for single- family homes in Manhattan.
That means that a home in Manhattan will typically cost more than a home for sale in another city, which could lead to a price discrepancy.
The average condo price in Manhattan increased by an average of 11 percent in January compared to a year earlier, according RealTrade.
The median price increase in the rest of the country was 13.5 percent, and the city’s rate of increase was 12.3 percent.
The number of condos in Manhattan has been on the decline over the past decade, according for Realtors.
That trend is expected to continue over the next few years, according Zillow.
RealTrader has been tracking sales of condos and apartment units across the country for nearly a decade.
The firm’s data comes just weeks after a report by Realtrix, a real estate agency, said condo sales had dropped in the United States and around the world.
It also said condo prices are falling in many major cities, particularly in the South.
RealTrade has reported a steep drop in sales of condominium units in recent years.