Attached is the latest market report for the Highland Park housing market in October, 2010. Here’s a quick synopsis:
- In October there were 413 active listings (down from last month) and 25 sales, up slightly from September, 2010.
- October median sales price ($352,000) and average sales price ($419,4880) both dropped from last month and from October of 2009.
- October’s months supply of inventory is 16.5, which is down from last month and last year.
- In October, 2010, there were 53 new listings and 25 sales. The number of new listings has consistently dropped since June (91), yet the number of sales has been between 24 and 28 sales per month since July; June saw 57 sales. The number of new listings this October is 30% less than the number of new listings last October! This means that it’s a good time to be listed, as the rate of new listings entering the market has slowed but purchasing has remained somewhat consistent – buyers are still out there, taking advantage of good prices and incredible interest rates.
If you have any questions at all, or would like to see data from any other town, let me know!
Stephanie Hofman, SFR