Sales
Unit sales in October were 6, unchanged from the same month last year. This is the lowest unit sales have been since 4 in May, 2015. Sales/list price ratio was 99.3% in October, equal to September.
Prices
Median price in October was $787,500. This is up 14.5% from $687,500 in October of 2014. 3-month median price of $799,500 in October was down a little from $812,500 in September but up just slightly from $785,500 in October of 2014. Price per square foot in October was $385. This is down from $392 in September but up from $352 in October of 2014.
Inventory
Inventory of 21 in October was down 19.2% from 26 in September and down 22.2% from 27 in October of 2014. New listings of 5 in October were down somewhat from 7 in September and down considerably from 8 in October of 2014. Months of supply of 3.1 in October was down modestly from 3.8 in September and way down from 4.9 in October of 2014. On a year-over-year basis, months of supply has been falling for 6 months. This is the lowest months of supply has been since April, 2014.
Market Time
Days on market of 56 in October was down considerably from 79 in September and down modestly from 66 in October of 2014.
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