This report in a month over month comparison which I hope gives you a better since of what is going on in the current market than the year over year numbers you see in most reports.
November sales were 32.4% lower than October’s. Pending sales dropper 31.8%. The average median price rose 5.7% while the average sales price increased 3.7%.It look like these increases are due to several sales in the upper price ranges. The ratio of sales price to original list price declined slightly to 96.7%. New listings remained weak with a 24.7% decline. Active listings jumped up 87% due to slowing number of sales. Days on the market were flat. Months of inventory had a very small decline of 0.1 months.
Sales: 48
Pending Sales: 58
Median Sales Price: $525,000
Average Sales Price: $562,102
Ratio of Sales Price to Original List Price: 96.7%
New Listings: 70
Active Listings: 159
Days on Market: 33
Months of Inventory: 1.7