Will the Median Sales Price of Townhouses Perk Up in 2017?

Despite increases in the pace of sales over the past five (!!) years, we have not seen increases in the median sales price of these properties over the past two years. In fact, the median sales prices of townhouses (and duplexes and condos) actually declined by 1% in 2016.

So -- what might 2017 have in store for us?  So far, it seems that we might see an overall increase in the median sales price, but it is still early in the year.

Stay tuned, and until then, feel free to peruse my full market report by clicking on the image below.