Townhouse/Condominium Update(HAR Report):
Townhouses and condominiums had another positive month in March. Sales volume rose 8.7 percent with 861 closed sales versus 792 a year earlier. The average price climbed 5.8 percent to $255,334 and the median price jumped 10.4 percent to $215,000. Neither figure surpassed the record highs that were established last month. Inventory fell from a 2.7-months supply to 1.4 months.