November continued the strength of the residential real estate market we saw in October; sales were up nearly 46% compared to the slowdown of November 2023, with a very robust sales to list ratio of 78% (highest in three years). Months of inventory has slowly increased as expected for this time of year, but with a strong absorption rate and a projected jumbo rate cut tomorrow, the end of the year is looking to finish on a high note.
November Market Report.
