September 2018 is a Seller’s market!
The number of for sale listings was down 14.2% from one year earlier and up 1.3% from the previous month. The number of sold listings decreased 0.6% year over year and decreased 20.7% month over month. The number of under contract listings was down 17.9% compared to previous month and down 8.8% compared to previous year. The Months of Inventory based on Closed Sales is 2.5, down 13.9% from the previous year.
The Average Sold Price per Square Footage was the same as compared to previous month and up 8.7% compared to last year. The Median Sold Price decreased by 2.7% from last month. The Average Sold Price also decreased by 9.9% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Neutral”.
The Average Days on Market showed a neutral trend, a decrease of 19.5% compared to previous year. The ratio of Sold Price vs. Original List Price is 97%, was the same compared to previous year.
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