Townhouse/Condominium Update(HAR Report):
Sales of townhouses and condominiums increased for the tenth straight month in June, jumping 49.9 percent with 898 closed sales versus 599 a year earlier. The average price rose 16.9 percent to $247,827 – the highest average price of all time -- and the median price climbed 22.4 percent to a record-setting $214,125. Inventory fell from a 4.2-months supply to 2.5 months.