In the last 30 days, 218 single family houses were sold, up 0.5% from last week. The median price is down 1.2% to $551,110. The average house was on the market for 50 days, 1 day longer than in my last report. Overall, prices and volume are stable in the SFH market segment.
In the last 30 days, 116 condos were sold, down 3.3% from last week. The median price is down 3.9% to $280,000. The average condo was on the market for 67 days, the same as in my last report. Condo sales are slowing and prices are softening as we head towards Christmas.
In the last week, the local inventory of single family homes has dropped by 6.5% to 1467 homes. Condo inventory has fallen by 7.1% to 794 suites. Inventory is getting pretty low, as we see each year, as Christmas approaches.
