Listing inventory for November looks like it will end down 2% compared with October. Homes are also taking a longer time to sell, which is typical as winter rolls through most markets, but at a pace that’s still faster than this time last year. The median age of inventory is now 84 days, which is 3% slower than October 2015 but 9% faster than November 2014.
The median listing price is expected to remain fairly constant, down just 1% from October to $230,000 in November, but that would still represent an increase of 7% year over year.
Author:Linda Stevenson Phone: 603-264-6920 Dated: December 5th 2015 Views: 232 About Linda: ...
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LUX Florida Home Collection & Bankers Realty Services are a full service real estate firm. Since 2000 we have been listing, selling, leasing & managing property for both residential and commercial real estate owners throughout South East Florida. We have a team of experienced Real Estate, Mortgage, Appraisal & Legal professionals who all work together to assist in our clients needs.