In 2015 total inventory has fell almost 1% to 14,351 active real estate listings. Townhomes have risen by roughly 5000 units and an R.E. Shilow Realty favorite, single-family detached listings fell by nearly 9000.  New listings of 4,949 are 5.5% higher than September 2014.  Median days-on-market (DOM) rose to 45, which is one day more than last year and six days more than last month.

This has been the best real estate September sales in over 10 years, in all real estate property categories sales rose over 17% and as high as 29%. 2,964 closed sales in September 2015, the highest since 2015 and 2 consecutive months away from 1 year of double digit growth. Every jurisdiction has registered double digit real estate growth.

This is great news! The next big question is going to be interest rates??????

If you  have any questions about your real estate needs or would like to know more about the market in you community please give us a call.

 

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