April was a Good Month for Townhomes & Condos
Sales of townhomes and condos experienced a comeby in April and reached a median price of $130,000. This was the most sales for townhomes/condos since August 2007 and represented a 5.1% increase over April 2007. The median price is not the average price, but the price in the middle between the lowest price and the highest price. The average price comes from dividing the total of all sales by the number of sales. The average price reached $169,646 which was an increase of 5.7% over April 2007.
April was also a good month for sales of single-family homes. The month of April had the largest number of single-family sales for 2008. Sales of single-family homes below $80,000 continued to rise in April by 27.35%.
Filed under: Buying, Home Sales, Selling by Dwight's Real Estate Update