Townhouse/Condominium Update-HAR Report
Townhouses and condominiums experienced their third consecutive monthly decline, falling 14.9 percent year-over-year with 684 closed sales versus 804 a year earlier. The average price increased 7.2 percent to $254,383 and the median price rose 8.1 percent to $217,000. Both figures are below the historic highs reached in April 2022. Inventory fell from a 2.4-months supply to 2.0 months.