CONDO/TOWNHOUSE …Listing inventory fell 13.6% to 370 from the
same period last year. The number of sales
followed a similar pattern, falling 9.4% to
58 sales. As a result, there was a 1 month
decline in the absorption rate, the number
of months to sell all inventory at the current
pace of sales, to 19.1 months. Days on
market, the number of days from the last
price change to the contract date, fell by
one third from the prior year quarter…
SINGLE FAMILY …There were 28 sales in the fourth
quarter, 2 more than the prior year quarter
and 1 more than the prior quarter. Listing
inventory fell 24.4% to 127 over the same
period as the number of days to sell a
property fell by 3 months to 199 days from
the prior year quarter. Listing discount, the
percentage difference between the list price
at time of sale and the sales price fell to
13% from 15.6% in the prioryear quarter…