Sunday, November 19, 2017

WHAT WERE THE ACTUAL NUMBERS?

For the month of September, the latest complete month available, the total number of sales was 3,338.  This was up 4.6% from September of 2016.  There were 1,979 single-family resale transactions, ever reminding us that the resale home always dominates the market.  Condos came in with 859, which was off by 7.5% from a year ago.  New homes were especially strong, driving up that median overall price, with 500 total sales, up a staggering 37.7% from a year ago.  This also reflects the new housing product finally catching up with demand, just a little bit.  As would be expected, the house payment rose to $3,240, up from $2,873 the previous September.  The largest rise in pricing was actually condos with an 11% year over year increase.

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