Residential Highlights
New listings (1,666) decreased 25.3% from the 2,229 listed in November 2021, and decreased 33.7% from the 2,513 listed in October 2022.
Pending sales (1,498) decreased 43.7% from the 2,660 offers accepted in November 2021, and decreased 18.4% from the 1,835 offers accepted in October 2022. Closed sales (1,621) decreased 42.8% from the 2,832 closings in November 2021, and decreased 17.1% from the 1,955 closings in October 2022. Inventory and Total Market Time Inventory increased to 2.6 months in November. Total market time increased to 44 days.
Year-To-Date Summary November 2022 Reporting Period
Comparing the first eleven months of 2022 to the same period in 2021, new listings (35,093) decreased 9.7%, pending sales (25,721) decreased 23.5%, and closed sales (26,473) decreased 18.5%. Average and Median Sale Prices Comparing 2022 to 2021 through November, the average sale price has increased 7.4% from $571,100 to $613,300. In the same comparison, the median sale price has increased 8.1% from $508,900 to $550,000.
