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In October, there were 2,578 homes sold with an average price of $240.906. An average home sold in 60 days and there were 3.1 months worth of inventory.
Seasonality might not come into play that much this year because of other factors like the rise of interest rates, the elections and other things that are going on locally and in the global economy.
In September to October, there was a decrease in number of home sales. There were 2926 sales in Sept while 2578 sales in October. The average sale price stayed flat at $239,409. Inventory increased a little bit because of the fewer number of home sales - 2.9 to 3.1.
What does that mean to you? It means prices are rising. We are seeing fewer homes on the market and fewer home sales year over year but not by a lot. As you climb the price charts, inventory rises which means higher priced homes take longer to sell.
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