September Statistics

After a few months of trending upward, sales of single family houses dipped 11.04% in September compared with August but remained well ahead of last year's level (up, 30.59%). This sales activity again was driven by a steady downward march of price. Prices were down 8.28% for the month and 15.55% down year-to-date.

The single family home inventory bucks the sales trend by steadily declining. This could be explained by reports of 'Seller Fatigue' where property owners are electing to remain out of the current weak market.