Townhouse/Condominium Update(HAR Report):
Sales of townhouses and condominiums increased for the 14th consecutive month in October, rising 7.6 percent with 683 closed sales versus 635 a year earlier. The average price rose 12.6 percent to $247,846 and the median price shot up 23.0 percent to $219,000. Inventory fell from a 3.9-months supply to 2.3 months.