Even in Manhattan's high-demand market, condominium sales were on par with overall real-estate trends, and sagged last month: "For rent" signs were pasted all over New York's empty condos.
But some analysts see the own-your-own apartments as a separate type of property altogether. Adam Koval, founder and senior analyst at socketsite.com, told CNBC's Mark Haines that most of those who invest in condos are more likely to be investors rather than single family home buyers. Koval declared that families seeking housing are more likely to make their purchases based on "emotional" factors and other "intangibles" -- while a greater percentage of condo buyers are purchasing an asset versus a home, and are considering the "analytics and fundamentals." The analyst said that condo statistics therefore can be utilized for a better "beta" analysis of where the market is going. (In other words, the housing market is not really that bad.)