Sales
Unit sales in November were 7, unchanged from the same month last year. On a year-over-year basis, unit sales have been falling for 4 months. This is the lowest unit sales have been since 4 in May, 2015. Sales/list price ratio was 96.0% in November, the same as October.
Prices
Median price in November was $625,000. This is down 4.4% from $653,500 in November of 2014. This is the lowest median price has been since February, 2014. 3-month median price of $661,280 in November was down modestly from $718,000 in October and down slightly from $713,750 in November of 2014. Price per square foot in November was $314. This is up from $307 in October and up from $313 in November of 2014.
Inventory
Inventory in November was 46, unchanged from the same month last year. New listings of 11 in November were up considerably from 8 in October and up substantially from 7 in November of 2014. Months of supply of 4.5 in November was down slightly from 4.9 in October and down a little from 5.2 in November of 2014. This is the lowest months of supply has been since February, 2014.
Market Time
Days on market of 90 in November was down modestly from 105 in October and way down from 184 in November of 2014.
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