Townhouse/Condominium Update-HAR Report
Townhouses and condominiums saw their first decline in almost two years, dropping 15.3 percent year-over-year with 752 closed sales versus 888 a year earlier. The last time sales fell was in August of 2020. The average price increased 4.7 percent to $259,557 and the median price rose 2.7 percent to $220,000. Both figures are below the historic highs reached in April 2022. Inventory fell from a 2.4-months supply to 1.7 months.