October is another banner month for sales. We had the 2nd best October ever (beat only by the hot market of October 2006). The listing inventory is down as well to 5530 (from 6032 in Sept). The price point that makes up $300,000 or less is still hovering around 50% of the market (48% under $300,000 in October). 20% of the market is over $400,000, again consistent with most of the year. Despite the fact there are plenty of multiple offers floating around, the prices did slip (down 2.2% for Single Family and down 3.2% for condos) which is seasonal.
