Sales in October was down at 54% the amount of sales as the 10 year average and inventory is increasing slightly but we will see more and more homes come off the market as we head into the normal seasonal slowdown which will likely even that out. It is a good time now for serious sellers to set themselves apart from the others that are not serious. Although activity will continue to slow in the real estate market we still saw 268 sales in October which means 268 buyers made the purchases despite the high interest rates. The further we head into fall and transition into winter typically the only serious will stick around.
Total Sales Sales 268 New Listings 833 Current Inventory 2,771 Median Days to Sell 48 Average Days to Sell 59 Months of Inventory 10.34 Median Sale Price $716,500 Average Sale Price $812,734 Total Volume Sold $217,812,640
Single Family Sales 118 New Listings 383 Current Inventory 1,385 Median Days to Sell 36 Average Days to Sell 52 Months of Inventory 11.74 Median Sale Price $956,100 Average Sale Price $1,111,740 Total Volume Sold $131,185,340
Townhome Sales 45 New Listings 103 Current Inventory 331 Median Days to Sell 38 Average Days to Sell 47 Months of Inventory 7.36 Median Sale Price $705.000 Average Sale Price $739,943 Total Volume Sold $33,297,450
Apartment Sales 76 New Listings 195 Current Inventory 537 Median Days to Sell 33 Average Days to Sell 52 Months of Inventory 7.07 Median Sale Price $489,000 Average Sale Price $522,410 Total Volume Sold $39,703,150