Happy Wednesday:
Hey Everyone! Happy Wednesday.
The initial numbers for month end November show the huge summer and early fall sell off taking its toll on inventory with total listing volume down 36% from the same month a year ago.
List prices are up 13.5% year over year to an average of just over $351,000 citywide.
Despite the total volume being lower, we did list more homes in November than we did a year ago.
The market looks to remain relatively stable, and with inventory still low, and rates still incredible, we should expect to see a slow and steady increase in average prices for the months to come.
Its a great time to be a seller with inventory at an all time low, and somehow, its still a great time to be a buyer with interest rates also at all time lows!
Want to know more about how our team works?
Click HERE for our seller info package.
Click HERE to see our current listings.