REAL ESTATE UPDATE
- Home sales dropped in September, decreasing 8.4% over August (1,647 vs. 1,799) but still up 2.9% from a year ago.
- The median price of a single family home decreased slightly to $318,500 in September from $324,000 in August. Significantly, the median price is still 8.7% than it was a year ago.
- The number of homes on the market decreased by 5.1% over August (2,923 to 2,774).