Townhouse/Condominium Update-HAR Report
Townhouses and condominiums experienced their 12th consecutive monthly decline in May, falling 26.1 percent year-over-year with 614 closed sales versus 831 a year earlier. The average price fell 3.7 percent to $262,015 and the median price dropped 6.0 to $216,300. Inventory grew from a 1.3-months supply to 2.6 months, the highest level since March 2021.