October 2015 Sales Stats*
*Reflects combined results for single-family residential and condo properties.
A few quick highlights as we head to the end of 2015:
- 2,014 closed sales. This is a little less than a year ago, but closing in on the high point this year (2,200 in February).
- Median price is up nearly 5% from this time last year. What is the median price? $170,000.
- Average days on market. This is how average number of days it takes to sell, from listing date to date of closing. Currently at 81 days, less than last year same time and more than last month.
- Wondering how many new on the market this month? 2,938 is the number of new listings for October 2015, and this is slightly higher than this time last year.
What does this mean? Real estate is a solid investment. If selling, you can expect to wait (possibly) a couple months. Realty to buy? Inventory is solid so buyers have many options! Call today to learn more about selling or buying!