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Key Take-Aways:
- Average sales price was up 9% to an average price of $373,919.
- Homes are continuing to sell quickly with an average of just 19 days, and a median of only 8 days.
- Inventory of homes continues to struggle, increasing only 1% to an average of 948 units available for sale (compared to 934 units in October ’23).
- We are still in a very competitive seller market, with sellers continuing to close over their asking price on average.
- Interest rates, unfortunately, rose back around 7% after they had dropped significantly, according to Mortgage News Daily.
