Townhouse/Condominium Update(HAR report)
Townhome and condominium sales, which staged three strong months until a 1.5 percent year-over-year decline in March, plunged 37.5 percent in April, with 376 units sold compared to 602 one year earlier. The average price jumped 11.9 percent to $227,577 while the median price soared 12.2 percent to $181,750. Inventory grew slightly from a 4.4-months supply to 4.5 months.