Single-Family:

Sales were down by 14% in November as compared to a year ago. However pending sales were up by 23% so this just looks like some monthly gyration in the numbers. The average sales price increased 12% while the median sales price rose 14%. We continue to see the sales skewed to the higher price ranges.

The number of new listings dropped by 9% and the active listings fell 2%. This lowered the months of inventory to 2 month. 6 months is considered to de a balanced supply/demand.

Sales: 43

Average Sales Price: $370,064

Median Sales Price: $355,000

Pending Sales: 54

New Listings: 60

Active Listings: 125

Months of Inventory: 2

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