Sales down as prices rise

Single family home sales fell 14% in November as compared to October sales. Pending Sales declined by 4%. The median sales price rose 2.6% while the average sales price increased by 7.2%. These increases in price were due to an increase in the sales in the $300,000 to $400,000 price range. The ratio of sales price to original list price slightly increased to 97%. New listing were just about flat. Active listings gained 9%. Days on the market declined by 1 day but the months of inventory climbed by 0.2 months.

Sales: 121

Pending Sales: 120

Median Sales Price: $317,000

Average Sales Price: $352,992

Ratio of Sales Price to Original List price: 97%

New Listings: 179

Active Listings: 300

Days on Market: 30

Months of Inventory: 1.8 months