There is no disputing it; a 17% drop in Median Price is significant. From the three Tri Valley Cities, Dublin has had the biggest hit in this category in comparison to last year.
Practically head to head to last year, when we compare Average Days On Market. In the big picture, this is not a long period of time. Folks in the mid-west would love to see stats like this!
Supply is down, and considering that demand has dropped 38% that could be a good thing. But, let's look at the next chart.
Wow, this is quite a change. Limited new properties coming on the market, but this still means that at the current rate of sale, Dublin will be out of inventory in two months. However, the fall and winter months do typically have lower inventory supplies. It will be interesting to see what happens to Dublin in the Spring selling season next year.
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