Sales
Unit sales in October were 9, unchanged from the same month last year. This is the lowest unit sales have been since 4 in May, 2015. Sales/list price ratio in October moved down to 96.0% from 96.5% in September.
Prices
Median price in October was $697,560. This is up 9.9% from $635,000 in October of 2014. 3-month median price of $718,000 in October was down slightly from $827,500 in September and down a little from $780,000 in October of 2014. Price per square foot in October was $307. This is down from $341 in September and down from $329 in October of 2014.
Inventory
Inventory of 50 in October was down 9.1% from 55 in September and down 13.8% from 58 in October of 2014. New listings of 8 in October were down substantially from 17 in September and way down from 17 in October of 2014. Months of supply of 4.9 in October was down a little from 5.4 in September and down moderately from 6.4 in October of 2014.
Market Time
Days on market of 105 in October was way up from 63 in September and up considerably from 61 in October of 2014.
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