• Active Listings Median – $859,000 at $556 per sq ft.
  • Pending Sales Median – $650,000 at $530 per sq ft.
  • Sold Listings Median – $748,750 at $503 per sq ft.
  • List to Sale Ratio is 103%
 
Absorption rate of 1.3 month of inventory; while this is some improvement, we’ll continue to keep an eye on the inventory increase that is predicted on the near horizon. This will allow for a slightly more balanced market and for a more diverse inventory to appeal to the buyer’s needs.