Townhouse/Condominium Update-HAR Report
Townhouses and condominiums experienced their 14th consecutive monthly decline in July, falling 9.8 percent year-over-year with 590 closed sales versus 654 a year earlier. The average price rose 2.1 percent to $263,876 and the median price dropped 2.2 percent to $220,000. Inventory grew from a 1.9-months supply to 2.9 months, the highest level since February 2021.