The numbers are in and it looks as if October's numbers the lowest in the last four years. Per the local MLS, there were 144 solds with a difference of list price to sold price of 91.41% at an average sold price of $235,860. Assuming no new properties were listed and based on the number of properties sold this month, it would take over 32 months to sell all the 4637 properties currently in the market. The positive number to look at is that inventory was at the lowest number since August of 2005 which had 4591 properties on the market and lower than July 2006 which recorded a high of 6743 residential properties on the market.
These numbers were taken from the local MLS Statistics and is not guaranteed.