We had a whole 419 sales compared to last year's 458, and 5025 active listings compared to last year's 4940. Nothing earth shattering but just more progression in the market getting weaker and weaker every month. Expect a drop in MOI as places drop off the market quickly in October. The last two years have seen September mark a high point in MOI.
Some interesting points to consider:
- Median price is the lowest in over 3 years (July 2009).
- Months of inventory are the highest since February 2009.
An update to the median price chart: