Wisconsin falls well below the national average when it comes to condos as part of the broader housing market, which puts homeownership further out of reach for many people.
Condominiums often serve as a more affordable home for first-time buyers. They can also be an option for older adults to retain equity as they downsize from larger single-family homes.
Wisconsin’s median home price was $314,000 in August, according to the latest numbers from the Wisconsin Realtors Association. That’s a 50 percent increase over the past five years…