Where are we compared to last year?

 A new report we just published that gives some indicators on the direction of the residential real estate market over the past three months and a comparison to October 2019.

Average selling price for single family homes in October was down 1% compared to September but up 1% compared to a year ago. 

For condos the average selling price in October was down 5% compared to September and down 12% compared to October last year.

There is a large inventory of condos on the market although we expect to see fewer new listings come on the market through the holidays until after the new year.  For buyers this time of year can present opportunities with less competition.

The full report is at our web site.