When selling a condo with old countertops and appliances, does it make sense to update them in this market, or just let it go?

It depends on the rest of the unit, and your listing agent's comps should make the call. If the condo is otherwise updated, dated countertops and appliances stick out and drag on the whole presentation, so bringing them in line with everything else usually makes sense. If the rest of the unit is also original and tired, we would think twice. New countertops over cabinets a buyer is likely to rip out anyway tend to be money you never get back, and buyers of a clearly dated unit often price in redoing the whole kitchen themselves. Have a candid conversation with your listing agent, who can look at your specific complex and recent comparable sales and tell you which updates a buyer will actually pay for and which they will not. Often the highest-return work involves no new finishes at all: cleaning, decluttering, fresh neutral paint, and small repairs that make the unit show well. Match the spend to what your building's buyers reward rather than updating on instinct, and let the comps guide where the dollars go.