In October, 10,186 homes were added to the market. This is a slight increase compared to October 2014’s number: 10,010. While it doesn’t seem significant, that’s still about a 1.8% difference.
Now, let’s examine active listings. This year, 23,620 entered the market. In October 2014, this number was 26,771. Comparatively, the number of home sales has decreased by 13.3% since.
There’s not a huge difference on the number of homes sold, luckily. This year, we sold 26,345 homes compared to last year’s total of 26,231.
Year after year, inventory goes down. Compared to last year, our market has decreased by 15.6%. Now, we're noticing the inventory, month by month, starting to increase. Election years, for instance, are great for the market. Maybe this is the start of something great!
If you are thinking about buying or selling a home, reach out today by phone or email. We would love to hear from you!
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