We Continue to See Rising Inventory Levels

Just the facts, in my opinion

In the market, we continue to see rising inventory levels... although it continues to be by very small numbers. As expected, we did see a drop in sales in September for single-family homes to 575 from 654 in August. The back-to-school season tends to do that every year. So, at least some things in the market are predictable! Average sales price also went from 701K to 670K, and the median sales price dropped 45K from 520K to 475K. Days on the market have also been trending up from 13 in July to now 20 days in September. I'm still seeing a mad rush to certain markets and well-priced homes, so if you are in the market... be quick with your decisions. If you are selling, it's still a great time to be alive.

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

- Thomas D.