Townhome, condo prices decrease as inventory soars
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A recently released Corcoran Group Report shows the median townhome and condominium sales prices decreased 11. 6% year-over-year to $269,000 in August. Sales dropped 20. 5%, and a 6. 3-month inventory supply represents a 103.
2% increase. Single-family home prices increased 1. 2% to $484,000. However, the 3. 9-month inventory supply has increased by 105.
3% since August 2023.