November saw decreases across all market data points compared to last month, with the only increase being days on market. Prices, active listings, new listings, and pending sales all saw significant declines. Average days on market jumped 17.9% to 33 days when viewed month-over-month. Also, the percentage closed price to list price dropped 0.4% to 98.4% - the lowest it has been in 4 years. As has been the case the last few months, seasonality and mortgage rates continue to have a hand in shaping the market.
Percent of Closed Price to List Price
This data point saw a continued drop and was down 0.4% when compared to last month. This data point is the lowest we have seen in 4 years.
Supply - Active Listings
Active inventory was up 72.8%…
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