Overall Market Update

New Listings were up 4.9 percent to 496.
Pending Sales increased 16.3 percent to 336.
Inventory shrank 15.0 percent to 2,233 units.
Prices moved higher as Median Sales Price was up 18.2 percent to $283,700.
Days on Market decreased 17.1 percent to 92 days.
Months Supply of Inventory was down 26.1 percent to 6.5 months, indicating that demand increased relative to
supply.
With positive economic news coming from many angles, there are no imminent factors to prepare for beyond the typical seasonal drop-off.
From the mouths of market-analyzing pundits, we are in the midst of one of the healthiest housing markets in the past 15 years.
The one thing we were anticipating in September, an increase in interest rates, did not happen.
It most likely will before year’s end. Until then, get out and enjoy the season.