Found 1 blog entry tagged as October Market Reports.

For residential real estate in 2017, the news has continued to provide a relative sense of calm for both buyers and sellers. The national unemployment rate registered in at 4.1 percent for October 2017, which means that joblessness has not been this low in the U.S. since December 2000. Another positive, mortgage rates have held steady at or near 3.9 percent. Historically, the average rate has been around 6.0 percent. These factors help to keep the pool of potential buyers full, even during the so-called off-season of home sales.

October Market 2017

New Listings were up 88.5 percent to 575. Pending Sales increased 85.4 percent to 458. Inventory shrank 7.3 percent to 2,199 units.

Prices moved higher as Median Sales Price was up 4.0 percent to $315,000. Days on Market…

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