What's Happening in the Market

November 2017 Update

The market is still Hot

The Market continues to move fast, however, it is slower than it has been in the last six months.

    • Months’ Supply of Inventory is 0.9, the same as this time last year, and is still historically low.
    • The percentage of closed sales selling for above list price was 41% in October, down from the peak of 63% in June, but it is still very competitive out there for properly positioned homes. (Price, Condition and Location)

Just under 2/3rds of the homes that sold in October 2017 occurred with less than 15 days market exposure.  Buyers in the market are knowledgeable, and move quickly for correctly priced homes.

 

October 2017 YTD Residential Stats