November 2023 Market Update
This shows a decrease in the number of sales of 394 homes or -19.4%. The median sale prices saw a 8.4% increase year-over-year. There are currently 173 homes on the market with an average marketing time of 85 days. This results in a 1.2-month supply of homes in inventory, which is a significant shortage relative to historical supply demand relationships in this market. Please note that the average marketing time of active listings is significantly above the average for closed sales in the prior 12 months.