October Residential Highlights:
New listings (187) increased 20.6% from the 155 listed in October 2019, and increased 8.7% from the 172 listed in September 2020. Pending sales (193) increased 26.1% from the 153 offers accepted in October 2019, and increased 9.0% from the 177 offers accepted in September 2020. Closed sales (187) increased 38.5% from the 135 closings in October 2019, and increased 11.3% from the 168 closings in September 2020.
Inventory and Time on Market:
Inventory decreased to 1.3 months in October, the lowest on RMLS™ record. Total market time held steady at 63 days.
Year to Date Summary:
Comparing the first ten months of 2020 to the same period in 2019, new listings (1,850) decreased 6.9%, pending sales (1,682) increased 10.4%, and closed sales (1,515) increased 6.9%.
Average and Median Sales Prices:
Comparing 2020 to 2019 through October, the average sale price has increased 9.5% from $244,600 to $267,800. 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!
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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.