The number of new single-family listings decreased compared to October of 2018, falling from 138 to 130, a 5.8% decrease. Pending sales decreased 20.5%, going from 132 to 105, and the number of closed sales fell from 171 to 129, a 24.6% decrease. The median sales price increased slightly by 1.9%, from $450,000 to $458,600. The average number of days a home spent on the market dropped by 16.1%, from 62 to 52. The inventory of available homes increased 2.2% compared to last year, rising from 495 to 506, and the months supply of inventory increased 2.6%, from 3.8 to 3.9. Sellers received 98.2% of their list price in October, a slight increase from 97.1% last year.
Photo courtesy of Dillon Scheps.
