Market Report: November 2014

1. There were 5 more sales in November compared to 2013.
2. Median Sale price is down $7,400 when comparing November 2013 and 2014, but up $1,850  when comparing Year-T0-Date (YTD) sales. 
3. Houses sold slightly more quickly in November of 2014 than November of 2013.
4. YTD sales in 2014 are still higher than 2013.  
5. November contracts are down by 14 when compared to 2013.  However, YTD contracts are up by 11 in 2014. 

Here we can see that there were 5 more sales when comparing November of 2014 and 2013.  But what about 2012?  Was it a much better year in sales?  Skip down to year-to-date sales for the answer. 

We can see a steady climb of sales since 2011.  While November 2012 was a great month in sales, we can see that it 2012 was not a better year in sales than 2014. 

As we can see, median sales prices are down when comparing November 2014 and 2013.  However, jump down to YTD median sales price for a better picture of 2014.  

As we can see, the median sales price of November 2013 was above the YTD median sale price.  Overall, prices continue to rise. 

November median days on the market are down when compared to November 2013.  Is this a trend or a fluke?  Check out the next slide. 

Here we can see a continued decline in days on the market over the past 4 years. 

Inventory is slightly higher than last year.

Contracts are a good indicator of future sales.  As we can see, November contracts are down.  When comparing 2013, this could mean a drop in sales  in the next few months. 

The good news is that there are still more YTD contracts in 2014 when compared to the past two years.