Sales continue to decline, but prices rise.
The comparisons used in this report are November vs. October.
Sales fell 6%. Pending sales increased 5%. The median sales price rose 4.5% while the average sales price was up 16.8%. These increases were cause by the number of one million + sales doubling in November as compared to October. The ratio of sales price to original list price was 93.2%. New listings fell 18%. Active listings declined 11.8%. Days on market continued to increase as buyers are in no rush. The months for inventory dropped slightly to 2.1 months.
Pending Sales: 169
Median Sales Price: $672,450
Average Sales Price: $811,871
Ration of Sales Price to Original List Price: 93.2%
New Listings: 176
Active Listings: 411
Days on Market: 46
Months of Inventory: 2.1 months