Townhouse/Condominium Update(HAR Report:
Sales of townhouses and condominiums increased for the 17th consecutive month in January, rising 24.7 percent with 566 closed sales versus 454 a year earlier. The average price jumped 14.7 percent to $241,605 and the median price increased 18.3 percent to $207,700. Inventory fell from a 3.3-months supply to 1.6 months.