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September Single-Family Home Sales Statistical Highlights

October Market Optics Beg Closer Examination
Sales down year-over a-typical-year, yet UP compared to previous 3 years*

Quick Facts Image displaying YOY change

October – National Real Estate Commentary

The U.S. housing market remains robust, with strong activity reported across both rental and residential housing fronts. Single-family rent prices are increasing rapidly, as demand for single-family housing and inventory constraints forces some buyers to rent, increasing competition and pushing rents up across the nation. Meanwhile, sales of new construction single-family homes recently hit a six-month high, rising 14% to a seasonally adjusted rate of 800,000, according to the latest data from the U.S. Department of Housing and Urban Development.

As temperatures drop, existing home sales continue to be plentiful, buoyed by strong demand, low interest rates, and a slight uptick in new listings in recent months, according to the National Association of REALTORS®.

With interest rates inching upward, and experts expecting further rate increases on the horizon, motivated buyers are hoping to lock in their home purchases to take advantage of what are still historically low rates. Closed Sales decreased 14.4 percent for Residential homes and 17.6 percent for Condo homes. Pending Sales decreased 10.0 percent for Residential homes and 2.7 percent for Condo homes. Inventory decreased 18.4 percent for Residential homes and 34.9 percent for Condo homes.

October – Local All MLS Numbers

Closed Sales decreased 14.4 percent for Residential homes and 17.6 percent for Condo homes. Pending Sales decreased 10.0 percent for Residential homes and 2.7 percent for Condo homes. Inventory decreased 18.4 percent for Residential homes and 34.9 percent for Condo homes.

The Median Sales Price increased 9.5 percent to $229,900 for Residential homes and 10.5 percent to $215,500 for Condo homes. Days on Market decreased 44.7 percent for Residential homes and 46.4 percent for Condo homes. Months-Supply of Inventory decreased 20.0 percent for Residential homes and 44.4 percent for Condo homes.

All Residential and Condos Combined Overview

October – Local All MLS Numbers - Cont’d

  • Median Sale Price was up by 9.1% from $208,000 to $227,000.
  • The average days on market (DOM) decreased by 45.8% from 48 to 26 days.
  • The average % of the last list price received increased by .8% from 99.2% to 100%.
  • New Listings decreased by 9.7% from 14,369 to 12,973.
  • Average Showings per Home decreased slightly from 10 to 9.9.
  • Pending Sales were down by 9.2% from 12,418 to 11,277.
  • Closed Sales were down by 14.8% from 13,991 to 11,921.
  • Listings that were both listed and pended in the same month were at 5,017. This represents 38.7% of the new listings for the month and 44.5% of the pended listings.
  • Months-Supply of Inventory was down by 23.8% from 2.1 to 1.6.

October – 5 year Perspectives -- Local All MLS Numbers

5 Year Perspectives

Statistics summary by county image


Last Modified: Monday, November 15, 2021

November 2021

November 2021

7 Days of Docs+ Tips

7 Days of Docs+ Tips

Crain's Names Karen Kage to 2021 List of Notable Real Estate Executives

Congratulations to our very own Karen Kage on making the Crain’s 2021 List of Notable Real Estate Executives.

October Single-Family Home Sales Statistical Highlights

October Single-Family Home Sales Statistical Highlights

Remine Docs+ Update – New Send Page:

On November 4th Remine released a Docs+ update that allows you to clearly see and send documents to your clients and other agents utilizing Remine’s NEW send screen.