November Residential Highlights:
New listings (112) decreased 26.8% from the 153 listed in November 2021, and decreased 28.2% from the 156 listed in October 2022. Pending sales (93) decreased 35.0% from the 143 offers accepted in November 2021, and decreased 19.1% from the 115 offers accepted in October 2022. Closed sales (92) decreased 41.4% from the 157 closings in November 2021, and decreased 20.7% from the 116 closings in October 2022.
Inventory and Time on Market:
Inventory increased to 4.0 months in November. Total market time decreased to 43 days.
Year to Date Summary:
Comparing the first eleven months of 2022 to the same period in 2021, new listings (1,946) decreased 8.7%, pending sales (1,400) decreased 18.1%, and closed sales (1,449) decreased 12.6%.
Average and Median Sales Prices:
Comparing 2022 to 2021 through November, the average sale price has increased 12.3% from $319,600 to $359,000. In the same comparison, the median sale price has increased 11.7% from $290,000 to $324,000.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook!
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*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.