Active residential listings numbered 896 units on the market at the end of October, an increase of 22.7% from the end of October 2021.
Active listings were 4.8% above the five-year average and 32.3% below the 10-year average for the month of October.
Months of inventory numbered 5.6 at the end of October 2022, up from the 3.5 months recorded at the end of October 2021 and below the long-run average of 7.8 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Average Price 🏡
The average price of homes sold in October 2022 was $357,521, a small reduction of 3.2% from October 2021.
The more comprehensive year-to-date average price was $390,765, increasing by 14.6% from the first 10 months of 2021.
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