Entering the fall season, single family homes, as well as condominium units, reported a total of 494 closed sales for the month of October 2024. Comparatively, versus October 2023, this indicated an increase in sales of approximately 9.1% YOY at 494 v. 453. The average closed sale price for October 2024 was $451,261 up 7.1% from the October 2023 closed sales price of 421,361. Median closed sales price for October 2024 was $421,000 up 6.6% from October 2023 median closed sales price of $395,000.
Year to date closed sales through October total 4,802. This total is up 0.2% compared to closed sales reported through October last year of 4,793. The year to date average sales price through October is $449,921 up 1.9% when compared to last year when year to date closed sales price was $441,732. The median year to date closed sales price through October 2024 was $417,228 up 1.8% to last year’s year to dale sales price through October of $410,000.
Inventory, at the time of this report, totals 1,321 properties or 2.7 months of inventory, similar to last month with 2.8 months of inventory. New construction closed sales this month were up 17% at 69 in October 2024 compared to 59 in the month of September 2024. So far this year through October new construction closed sales are up 11.3% at 799 v. 718.
Active |
New |
Expired |
Pending |
Closed |
Average |
Median |
Total |
New Home Sales |
|
Nov 23 | 943 | 587 | 181 | 408 | 358 | $425,301 | $401,000 | $152,257,711/td> | 49/515,008 |
Dec 23 | 737 | 315 | 213 | 296 | 346 | $406,145 | $375,000 | $140,526,154 | 46/482,596 |
Jan 24 | 705 | 632 | 130 | 443 | 263 | $418,788 | $380,997 | $110,141,188 | 45/498,494 |
Feb 24 | 719 | 588 | 70 | 470 | 330 | $419,557 | $400,000 | $138,453,765 | 64/501,176 |
Mar 24 | 690 | 661 | 89 | 525 | 437 | $451,541 | $419,000 | $197,323,539 | 96/491,913 |
Apr 24 | 856 | 912 | 94 | 655 | 464 | $451,256 | $426,995 | $209,382,911 | 97/494,967 | *
May 24 | 1,095 | 1,038 | 115 | 549 | 542 | $455,339 | $420,000 | $246,793,784 | 75/466,360 |
Jun 24 | 1,239 | 902 | 113 | 581 | 550 | $463,683 | $426,810 | $255,025,920 | 94/499,376 |
Jul 24 | 1239 | 825 | 154 | 541 | 502 | $455,937 | $418,038 | $228,880,391 | 65/480,326 |
Aug 24 | 1,252 | 887 | 198 | 563 | 547 | $461,493 | $424,995 | $252,436,895 | 81/516,972 |
Sep 24 | 1330 | 847 | 178 | 483 | 468 | $442,551 | $420,500 | $207,113,848 | 58/507,003 |
Oct 24 | 1,321 | 805 | 169 | 486 | 494 | $451,261 | $421,000 | $222,922,933 | 69/541,476 |
Oct 23 | 1,094 | 648 | 149 | 430 | 428 | $422,993 | $399,000 | $181,040,985 | 68/509,247 |
YTD 24 | N/A | 8,044 | 1,375 | 4,997 | 4,802 | $449,921 | $417,228 | $2,160,522,573 | 799/509,403 |
YTD 23 | N/A | 7,212 | 1,239 | 4,818 | 4,793 | $441,732 | $441,000 | $2,117,223,598 | 718/531,654 |