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
*Apartment Sales