Inventory is very low.
Home sales managed to eke out a 3% increase c compared to last September. Pending sales however fell 19% as buyers had a hard time finding that dream home. The average sales price jumped 32% and the median sales price rose 23%. new listings were no help down 10%. Active listings are 47% lower than last year. Months of inventory now stands at 04. months. We are a very long way from the 6 months that is considered a balanced market.
Sales : 138
Average Sales Price: $867,000
Median Sales Price: $627,500
New Listings: 116
Active Listings: 55
Months of Inventory: 0.4 months
Information provided by The Real Estate Center
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