In the month of October 2008, there were 1278 new listings that came on the market and a total of 7674 listings available. In the month of October 2007 there were 1571 new listings that came on the market and a total of 6953 on the market. That is a 10.4% increase in listings available this year over last year at the same time.
In October 2008, there were 502 closed sales. With that number of closed sales we have approximately 15.3 months of inventory on the market.