Townhouse/Condominium Update(HAR Report)
Sales of townhouses and condominiums increased for the third straight month in November, rising 23.4 percent with 580 closed sales versus 470 a year earlier. The average price rose 2.5 percent to $224,130 and the median price shot up 11.8 percent to $190,000. Inventory fell from a 4.4-months supply to 3.8 months.