Townhouse/Condominium Update(HAR Report):
Sales of townhouses and condominiums increased for the eleventh consecutive month in July, jumping 23.9 percent with 841 closed sales versus 679 a year earlier. The average price rose 10.0 percent to $245,160 and the median price climbed 8.7 percent to $200,000. Inventory fell from a 4.1-months supply to 2.6 months.