It's a Seller's Market
Single-Family:
Sales were up by 22%. The average sales price jumped by 19% as compared to a year ago while the median sales price rose by 16%. We continue to see the sles concentrated in the higher end properties.
Pending sales increased 7%. The number of new listings was flat but the number of active listings increased by 27%. Unfortunately, this increase in the active listings only had the effect of causing the months of inventory to increase to 1.6 months. 6 months is considered a normal supply.
Sales: 80
Average Sales Price: $408,316
Median Sales Price: $387,010
Pending Sales: 79
New Listings: 97
Active Listings: 107
Months of Inventory: 1.6
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