- Closed sales decreased 15.0% for single-family homes and 1.3% for condominium homes in October 2016 compared to October 2015. Inventory decreased 26.4% for single-family homes and 21.2% for condominium homes.
- The median sales price was up 10.8% to $526,300 for single-family homes and 5.3% to $479,238 for condominium homes in October 2016 compared to the previous year.
- Low inventory continues to be a drag on the acceleration of the housing market, and there are no signs that the low inventory situation will be resolved soon.