HAR Report: Townhouse/Condominium Update
Townhouses and condominiums experienced their 11th consecutive monthly decline in April, dropping 33.2 percent year-over-year with 544 closed sales versus 814 a year earlier. The average price rose 1.7 percent to $279,257 and the median price was statistically flat at $234,000. Both figures are below the historic highs reached in April 2022. Inventory grew from a 1.3-months supply to 2.4 months.