Townhouse/Condominium Update-HAR Report
Townhouses and condominiums experienced their second consecutive monthly decline, dropping 21.5 percent year-over-year with 656 closed sales versus 836 a year earlier. Last month’s sales drop was the first one since August of 2020. The average price increased 5.0 percent to $257,834 and the median price rose 9.7 percent to $220,000. Both figures are below the historic highs reached in April 2022. Inventory fell from a 2.5-months supply to 2.0 months.