By Aglaia Pikounis

I wouldn’t want to be a seller trying to unload a condo in Worcester right now. Worcester, one of the most recent cities to announce it will have to cut workers and services, was an area that saw a flood of condo proposals and building from optimistic developers in recent years.

 But Worcester’s condo market has suffered some deep losses during this housing downturn. Sales of condos last year totaled only 386 – down about 46 percent from two years ago when condo sales peaked at 711 transactions.

 Condo prices also spiraled downward. The median condo price in Worcester fell 33 percent to $120,000 from $178,900 in 2007.

The city’s price drop was much worse than the statewide price decline, which was a modest 1.8 percent. In contrast, Boston’s condo values actually climbed. The median condo price citywide rose 4 percent to $370,000 in 2008 from $355,750 the year before.  (Condo sales throughout the Hub dropped 19.5 percent in 2008 from a year earlier).