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October MLS Report Shows Pending & Active Sales Down

The Multiple Listing Service sales report showed pending sales at 1,236 as of Nov. 15, down 5.1 percent from mid-October. Active listings stood at 4,301 down 2.8 percent from a month earlier.

» SEE THE OCTOBER MLS REPORT HERE.

Other numbers of note:

  • Average sales price for October was $200,632, up 2.4 percent from a year ago.
  • Median sales price for October was $171,714, up 6.5 percent from a year ago.
  • The average market time in October was 51 days, down 5.6 percent from a month earlier.
  • There were 630 sales of units that were on the market 30 days or less.
  • At the upper end of the market, there were 49 sales of $500,000 or more, down 12.5 percent from a month earlier.

Prepared for maar.org by Don Wade, 901.485.1653.

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