Months Supply of Inventory (MSI) Decreases

The total housing inventory at the end of November 2023 decreased 6.8% to 806 existing homes available for sale. Over the last 12 months this area has had an average of 241 closed sales per month. This represents an unsold inventory index of 3.34 MSI for this period.

Average Sale Price Going Up

According to the preliminary trends, this market area has experienced some upward momentum with the increase of Average Price this month. Prices went up 8% in November 2023 to $374,602 versus the previous year at $346,892.

Average Days on Market Lengthens

The average number of 48 days that homes spent on the market before selling increased by 5 days or 12% in November 2023 compared to last year's same month at 43 days on market.

Sales Success for November 2023 is Positive

There were 366 New Listings in November 2023, up 2.8% from last year at 356. Furthermore, there were 259 Closed Listings this month versus last year at 297, an 13% decrease.