November Residential Highlights:
New listings (100) decreased 35.9% from the 156 listed in November 2019, and decreased 46.5% from the 187 listed in October 2020. Pending sales (126) decreased 3.8% from the 131 offers accepted in November 2019, and decreased 34.7% from the 193 offers accepted in October 2020. Closed sales (150) increased 14.5% from the 131 closings in November 2019, and decreased 19.8% from the 187 closings in October 2020.
Inventory and Time on Market:
Inventory increased to 1.4 months in November. Total market time decreased to 55 days.
Year to Date Summary:
Comparing the first eleven months of 2020 to the same period in 2019, new listings (1,957) decreased 8.8%, pending sales (1,782) increased 8.5%, and closed sales (1,667) increased 7.5%.
Average and Median Sales Prices:
Comparing 2020 to 2019 through November, the average sale price has increased 10.4% from $245,000 to $270,400. In the same comparison, the median sale price has increased 8.9% from $225,000 to $245,000.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
CLICK HERE TO VIEW THE REPORT!
*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes.