In he past these reports have used year over year comparisons, however a year over year comparison no longer gives you an accurate view of what’s happening in he todays market. I have therefor changed to a current month vs. previous month report.
November sales were off by 12.6% compared to October. Pending sales declined 2.5%. The median sales price dropped 1.25% while the average sales price rose 1.09%. Not sure why that happened. The ratio of sale price to original list price came in at 94.7%. New listings increase 15.3%. Active listings were off by 2.99%. Days on market rose by 15.8% and the months of inventory was flat.
Median Sales Price: $395,000
Average Sales Price: $486,558
Ratio of sales price to Original List: 94.7%
New Listings: 7221
Active Listings: 19,016
Days on Market: 44
Months of Inventory: 2.5