October property sales were 17, down 15% from 20 in October of 2010.
October 2011 sales were at their lowest level compared to October 2010 and 2009.
October YTD sales of 228 are running 1.7% behind last year’ year-to-date sales of 232.
The total inventory of properties available for sale as of October was 250, down 5.7% from 265 September 2011.
A lower MSI (month’s supply of inventory) is more beneficial for sellers while a higher MSI is better for buyers. The October 2011 MSI was 14.7 months.