Townhouse/Condominium Update
Throughout 2019, the townhouse and condominium segment has experienced alternating months of up and down sales. After a 3.2 percent year-over-year drop in August, September sales reversed course and rose 8.2 percent with 538 units sold compared to 497 in September 2018. The average price increased 3.5 percent to $200,728 while the median price climbed 6.3 percent to $170,000. Inventory expanded from a 4.3-months supply to 4.6 months.