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.  

September featured a brisk market, with sales rising 11.4% versus September of last year. Prices have been stable, the September monthly average price of 685k slightly nudges the year-to-date average of 679k. Months of inventory have increased to 3.4, a .4 jump over August as a jump in new listings continue to add to the supply, giving buyers even more choice for homes.