In case you haven’t noticed, homes, condos, and other housing options around many of America’s downtowns are in very high demand right now, and that’s been the case for awhile now. According to data from Redfin, the average price per square foot in urban cores across the country has increased by a jaw dropping 76% over the past five years. Compared to the average price per square foot increase of 52% in overall metro areas, that’s quite a leap.
So just what does this downtown trend mean moving forward? In general, perhaps the best way to look at current market conditions is that more of today’s active home buyers value functionality, walkability, and the idea of living close to plenty of amenities, attractions, and things to do.
Here in
…