The monthly November PAR stats are now available on Dropbox.

HIGHLIGHTS

  • November sales are down from last month and from last year with 621 units sold. October 2022 there were 817. Number of sales Y-O-Y, down 30%.
  • November average days on market is up from October to: 34 Days.
  • Average sold price is $358,889 this is up from the prior month and Up 6.7% since November 2021 Y-O-Y, $336,348.
  • November inventory is up to: 2,086 units, up from November 2021, with 1,144 units. Y-O-Y increase in inventory of 82.3%
  • Months inventory is 3.4 months, up from October at 2.5 months, and up from November 2021 with 1.3 months inventory.
  • Average List to sold price difference in November was -3.5% an increase from -2.1% in October.
  • The inventory of homes remains low. With 3.4 months inventory, is still a sellers market but approaching a neutral market in our area. When Months Inventory is less than 4.0 months it is considered a seller’s market.