Townhouse/Condominium Update(HAR Report):
Sales of townhouses and condominiums increased for the twelfth consecutive month in August, jumping 27.1 percent with 807 closed sales versus 635 a year earlier. The average price rose 9.5 percent to $237,473 and the median price climbed 14.3 percent to $200,000. Inventory fell from a 4.0-months supply to 2.5 months.