Still very little movement in the PA condo market

3 current pending sales, 22 units for sale in downtown PA-- it's anyone's guess as to why the condo market is stuck while the rest of the single family PA market has begun to move but here is my guess: Condo owners, for the most part, don't have the equity that many single fam owners have in their homes and, thus, CAN'T drop their units to where they need to be. My advice to condo owners: "If you don't have to sell right now, take your unit off the market. It isn't going to sell at the price you want right now and all you are doing is clogging up inventory. Wait until 2010......"