Hello all,
The final data for sales of single family homes in Silverdale for the month of October is out. Sold & Pendings tracked very closely with the previous month(14/14 pending, 14 sold Oct/15 for Sept). Number of homes on the market declined for a 3rd straight month to 114. (119 Sep, 132 Aug, 133 July). Currently 8.1 months of inventory is available based on both closed and pended sales.
The average sold price was $245,000, down from $305K last month(24% decline), and $317K last October(29% decline).
Median prices are more accurate, but a decline is still present. The median sold price was $254K, down from $310 last month(22% decline), and $308K last year(21% decline).
Thanks for reading.
When do you think the market is going to turn? Experts are predicting "next year."
Marty
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