Townhouse/Condominium Update(HAR Report):
Sales of townhouses and condominiums increased for the seventh straight month in March, rocketing 45.2 percent with 790 closed sales versus 544 a year earlier. The average price increased 7.6 percent to $242,063 and the median price rose 5.3 percent to $195,000. Inventory fell from a 4.2-months supply to 2.9 months.