Sales
Unit sales in November were 3 , unchanged from the same month last year. This is the lowest unit sales have been since 2 in February, 2015. Sales/list price ratio in November moved up to 97.7% from 96.9% in October.
Prices
Median price in November was $625,000. This is down 8.8% from $685,000 in November of 2014. 3-month median price of $631,750 in November was down slightly from $688,500 in October but up a little from $545,000 in November of 2014. Price per square foot in November was $316. This is down from $341 in October and down from $551 in November of 2014.
Inventory
Inventory of 37 in November was down 5.1% from 39 in October but up 8.8% from 34 in November of 2014. New listings in November were 9, unchanged from the same month last year. Months of supply of 4.2 in November was down a little from 4.5 in October and down moderately from 5.4 in November of 2014. This is the lowest months of supply has been since January, 2015.
Market Time
Days on market of 71 in November was down marginally from 73 in October and down considerably from 93 in November of 2014. This is the lowest days on market has been since August, 2015.
Comments(1)