See photos and updates from listings directly in your feed
Share your favorite listings with friends and family
Save your search and get new listings directly in your mailbox before everybody else
- Average sales price was up 7% to an average price of $389,441.
- Inventory of homes is showing signs of increasing, increasing 12% to 962 units available for sale (compared to 785 units the previous month).
- While the increase in unit sales is a boon to our market, inventory is still well below balanced levels sitting at a ~1.47 month supply of homes available for sale.
- We are still in a very competitive seller market, with sellers averaging 3.34% over ask.
- Interest rates have started to drop, lowering an average of ~.5% according to Mortgage News Daily.
BOTTOM LINE
We’ve seen two consecutive months of inventory improvements, coupled with decreasing interest rates. This could provide the incentive that both buyers and sellers need to get into the market.
While we might see a slight dip in the market in November due to the election cycle, there are positive signs that the market could be moving towards being more balanced.
STATS BY COUNTY:
