Townhouse/Condominium Update
Townhomes and condominiums remain a challenged segment of the Houston housing market. March brought the seventh straight month of declining sales, down 9.2 percent, with 551 units sold compared to 607 a year earlier. The average price was statistically flat at $211,241 while the median price rose 2.8 percent to $174,750. Inventory grew from a 3.6-months supply to 4.4 months.