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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