Sales were up 1% in September compared to last September. That's not much but it beats being down. The average sales price jumped 13% while the median sales price was up 9%. Sales continue to be concentrated in the upper price ranges. Pending sales fell 4%. Not helpful. The number of new listings declined 24% but the active listings were 23% higher than a year ago. The months of inventory now stands at 3.6 months. We are getting closer to a balanced market.
Sales: 76
Average Sales Price: $546,382
Median Sales Price: $445,000
Pending Sales: 81
New Listings: 109
Active Listings: 308
Months of Inventory: 3.6
Information provided by The Real Estate Center
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