There are weeks when I look through the new listings on the MLS (Multiple Listing Service) and it seems like there are more TICs for sale than condominiums. Turns out, this just isn’t true. Here’s a chart showing relative sales volumes since 2003 (click to enlarge).
Look at that! Excluding those wonderfully regular dips every Xmas, condo sales are generally at around 200 units per month. TICs rarely break 40.
Here’s how TIC and condo median prices stack up against each other on a monthly basis. ...