|MEDIAN SOLD PRICE||$157,750|
|AVERAGE SOLD PRICE||$185,308|
|MEDIAN % ORIGINAL LIST PRICE||96.1 %|
|MEDIAN TIME TO CONTRACT||46 days|
|MEDIAN TIME TO SALE||93 days|
|NEW PENDING SALES||407|
|MONTHS SUPPLY OF INVENTORY||4.8 months|
September was a slow month for sales compared to August with 600 sold. Hurricane Irma was in September but that would have no effect because contracts take 30 plus days to close in most cases. Any effect from Irma won’t be felt until next month. I don’t worry much about an off month. What is significant is pending homes sales are low maybe because of Irma and inventory keeps going down. I just wrote a blog post about multiple offers. We are in a borderline sellers market.