Townhouse/Condominium Update-HAR Report
Townhouses and condominiums experienced their 15th consecutive monthly decline in August, falling 19.0 percent year-over-year with 556 closed sales versus 687 a year earlier. The average price rose 2.7 percent to $260,909 and the median price climbed 3.2 percent to $225,000. Inventory grew from a 1.9-months supply to 3.2 months, the highest level since January 2021.