November 2015 Market Statistics
Posted by Ken Richter on
Fall has arrived! September, a month of transitions and new focus, has become a beautiful October. Let’s all just take a moment to appreciate the fact that September passed without gracing our lawns with snow. Thank you, September. You were good to us.
September was a good month for real estate. Not necessarily a great month, but nothing the market can’t handle.
After four months of relatively stable, unadjusted benchmark prices, September saw a 0.26 percent decline in benchmark prices, settling at $456,100, on average, per unit. This price decline was most strongly seen in the apartment sector where inventory levels rose higher than they typically are.
Residential sales were much lower than the five and ten year averages. Why was this? CREB®…
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