The time it took to sell a home fell by about two weeks compared to October 2020. Days on Market (DOM) went from 48 to 32. Inventory registered a 1.8-months supply compared to 2.3 months a year earlier. That level is the highest of 2021 but stands below the current national inventory of 2.4 months recently reported by NAR.
Broken out by housing segment, October sales performed as follows:
$1 - $99,999: decreased 20.8 percent
$100,000 - $149,999: decreased 42.3 percent
$150,000 - $249,999: decreased 39.1 percent
$250,000 - $499,999: increased 17.5 percent
$500,000 - $999,999: increased 23.1 percent
$1M and above: increased 20.4 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 7,361 in September. That was statistically unchanged from the same month last year. The average sales price rose 13.2 percent to $374,317 while the median sales price climbed 15.4 percent to $299,000