Townhouse/Condominium Update
Townhouse and condominium sales were flat in April, finally bringing to an end seven consecutive months of declines. A total of 595 townhouses and condominiums sold, matching last April’s volume. The average price fell 8.4 percent to $203,751 while the median price dropped 9.0 percent to $163,000. Inventory grew from a 3.9-months supply to 4.5 months.