October home sales data by neighborhood. Homes continue to sell quickly and for more than the asking price. There is still a shortage of homes for sale and prices continue to rise but more slowly than they rose in the spring.
The number of homes on the market at any given time has been steady. The seasonal peaks and valleys are much smaller than they used to be. Homebuyers will need a little more time to find the right house because there are fewer to choose from. Home sellers don’t need to wait until spring to get top dollar.
The data used to make the chart below was extracted from the Northstar MLS. It was gently sorted in an Excel spreadsheet and never stirred. It is deemed reliable but not guaranteed. There are few guarantees in life.
The numbers in red indicate that the average sale price was higher than the average list price for the neighborhood. The overall average list and sale prices are pretty close.
For more numbers like these go to the “Local Market conditions and Home prices” category. If you have a house you would like to sell now or in the future contact me for a no-obligation consultation.