- October sales are down from last month and down from last year with 688 units sold. Last month 721 units sold. Number of sales Y-O-Y is down 4.6%.
- Cash buyers represent 27% of all residential sales in our area, up from last month, 25%.
- October average "days on market" is up from September with 70 days to: 80 Days.
- Average sold price is $388,554, this is down from the prior month and up by 6.7% compared to October 2024 Y-O-Y, $364,278.
- October inventory is down month over month to: 3333 units, but up from September 2024, with 3083 units. Y-O-Y increase in inventory of 8.1%
- October months of inventory is 4.8 months, up from September 4.6 months, and up from October 2024 with 4.3 months inventory.
- Average List to sold price difference in October was -3.0% compared to -3.1% in September.
- The inventory of homes is 4.8 months, this level is considered a "Neutral Market". Generally when Months Inventory is generally less than 4.0 months it is considered a seller’s market. 6.0 months or more is a buyer's market. Between 4 and 6 months inventory is a neutral market, neither favoring the buyer or seller.
