Townhouse/Condominium Update-HAR Report
Townhouses and condominiums experienced their sixth consecutive monthly decline, dropping 36.2 percent year-over-year with 437 closed sales versus 685 a year earlier. That is the steepest monthly decline in sales volume for 2022. The average price declined 1.3 percent to $253,551 and the median price rose 3.8 percent to $218,000. Both figures are below the historic highs reached in April 2022. Inventory grew a 1.9-months supply to 2.1 months.