In the last 30 days, 187 single family houses were sold, down 10.5% from last week. The median price is up 0.5% to $553,000. The average house was on the market for 46 days, the same as my last report. This drop in volume is normal considering that we are in the Christmas season.
In the last 30 days, 115 condos were sold, up 5.5% from last week. The median price is unchanged at $278,700. The average condo was on the market for 60 days, 4 days longer than in my last report.
In the last week, the local inventory of single family homes has dropped by 3.1% to 1326 homes. Condo inventory has fallen by 5.0% to 721 suites. This point in the year is generally the lowest inventory that we will see until next Christmas. You can expect inventory to start growing as we move through January.
