Total houses for sale 88 (47) with median of $1.925M ($2.5M).
Last November was a huge month that cleared out the inventory, this year not so much. We are got about 20% fewer new listings the first part of November this year vs last year but pendings are down about 50%.
This is the week we typically see the season decline in inventory begin in earnest. If past patterns hold we’ll end up the year with about half of what we have now.
We are in a very different market than we were six months ago but nothing is flashing red lights right now. The stock market seems to finding its balance and interest rates have come down a touch. So many things could change between Spring and now but Im just not seeing signs of a big panic at this time.
