Closed sales of single family homes on less than one acre including condos totaled 657 in September. This is the highest number of closed sales for a September in eight years. Compared to last year, sales for the month of September were up 29.6%, 507 closed sales were reported in September 2014.
The average sales price for September was $200,220 up 4.2% over September 2014 when the average sales price was $192,101. The median price was up 4.5%, $183,000 v. $175,100.
Year to date through September 2015, closed sales are up 21.8%, 5,237 v. 4,298. The year to date average sales price is $196,983 up 6.1% over the same period last year when the average sales price was $185,739. The year to date median sales price is up 6.8%, $180,000 v. $168,500.
Inventory continues to be tight with 2,293 homes on the market as of this report. This number is down 15.4% compared to last year at this time when 2,712 homes were on the market. New construction sales continue to run ahead of last year with closed sales up 11.3% over last year through September, 522 v. 469.