Market Trends Report - October 2014
Median Price: $187,000 +8.1%
Median List Price: $199,500 +11.5%
Median $/sqft: $91/sqft +7.6%
Avg Days on Market: 58 -12.5%
% or Original Price: 97.4% +0.3%
Months Supply: 3.3 -12.1%
New Listings: 116,325 -0.5%
Pending Sales: 88,084 +0.2%
Closed Sales: 87,655 +0.1%
The market doesn't seem to be as frantic as it has been lately. It's slowing down a bit, but things are still moving upwards. The simplest explanation is that the lack of inventory just can't keep up with demand.
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