Townhouse/Condominium Update-HAR Report
Townhouses and condominiums barely held to positive territory in May. Sales volume rose a fractional 0.4 percent with 832 closed sales versus 829 a year earlier. The average price increased 14.4 percent to $272,381 and the median price was up 8.8 percent to $229,000. Both figures are below the historic highs reached last month. Inventory fell from a 2.4-months supply to 1.4 months.