Townhouse/Condominium Update-HAR Report
Townhouses and condominiums experienced their ninth consecutive monthly decline in February, down 32.4 percent year-over-year with 442 closed sales versus 654 a year earlier. The average price dropped 7.8 percent to $244,595 – the fourth straight monthly decline – and the median price fell 3.8 percent to $216,510. Both figures are below the historic highs reached in April 2022. Inventory grew from a 1.3-months supply to 2.1 months.