Prices Continue to Climb While Sales Fall

Just the facts, in my opinion

In market news:
- Single-family home inventory dipped from 984 to 942. Typical for the holiday season.
- Days on market for November were at 29 days. November 2021 was at 22 days for comparison.
- Average sales price for November was 824K, up from 802K in October. November 2021 was at 724K.
- Median sales price for November was 600K, down from 610K in October. November 2021 was at 499K.
- Sales pace is slower again. 36% down from November 2021 and 20% lower in total for the year so far compared to 2021. This slower pace has been the trend since July 2021.
- November saw the sales price at 95.6% of the list price. Down from 96.8% in October. 

As always, call me for any reason and I'll be happy to help!

- Thomas D.