…Townhouse sales rose to 277, their highest level
since 343 sales were reached in 2007 before the
onset of the credit crunch. The 15.4% increase in
sales this year marks the third consecutive yearover-
year increase in activity. Consistent with the
rise in sales was the 18.9% drop in listing inventory
to 411 and the two month drop in days on market
to 106. Market share for East Side sales led all
regions, jumping to 26% from 20.8% in 2011. The
year-over-year change in price indicators were
mixed with a 4.2% decline in median sales price, a
6.1% gain in average sales price and a 12.2% rise in
average price per square foot…