Prices continue to decline along with inventory.
This report compares December data to November data.
Sales were only off by 2 units. However pending sales fell 27%. The median sales price declined 201% while the average sales price fell 13%. The ratio of sales price to original sales price was 1% lower. New listings took a 34% hit. Active listings were 16% lower.Days on market rose 16%, but the months of inventory declined 14%.There is really not much for buyers to choose from.
Pending Sales: 336
Median Sales Price: $360,200
Average Sales Price: $575,476
Ratio of Sales Price to Original List: 93.6%
New Listings: 501
Active Listings: 1,344
Days on Market: 42
Months of Inventory: 1.8