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Market Report: Median Price Down M-o-M, Up Y-o-Y

By November 10, 2017

Market Report

Now that October is behind us, time to check in on what the real estate market did. Here’s a look at the three primary indicators:

  • The median price at $650,000 is down $15,000 from September, but up $90,000 from last October
  • We saw 1,072 new listings in October, down from 1,345 in September but it was more than we saw last October, 989
  • The number of homes for sale at the end of October was 976, down from last October’s 1,137

Our experience touring clients every day and writing 2-10 offers a week is that there are still buyers out there that are determined by this year and that there are buyers who were planning to buy next year but are getting a jump start on things. On the seller side, even though this isn’t a conventional time to sell, sellers understand that there are still many buyers out there and bidding wars, for the most part, are still common.

What did other outlets have to say?

I’m a real estate broker and the publisher of Urbnlivn. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.

Get in touch to:

  • Understand the market
  • See homes for sale
  • Sell your home

Contact:

206-618-1600