November 2017

The facts of residential real estate have remained consistent in 2017. In year-overyear comparisons, the number of homes for sale has been fewer in most locales, and homes have been selling in fewer days for higher prices. This hasn't always been true, but it has been a common enough storyline to make it an overarching trend for the year.

Closed Sales were up 6.3 percent in November compared to November 2016. Pending Sales increased 12.0 percent to 2,378, and New Listings decreased 5.5 percent.

Median Sales Price was up 8.5 percent to $164,900. Average Sales Price rose 4.5 percent in November. Absorption Rate was down 22.9 percent to 2.7.