Townhouse/Condominium Update(HAR Report):
Sales of townhouses and condominiums increased for the fifth straight month in January, rising 12.5 percent with 458 closed sales versus 407 a year earlier. The average price rose 12.4 percent to $211,188 and the median price shot up 17.0 percent to $175,500. Inventory fell from a 3.8-months supply to 3.4 months.