Posts Tagged ‘rmls market action report september 2014’

September 2014 RMLS Market Action Report

Wednesday, October 29th, 2014

The September RMLS Market Action Report is out and is showing the market is still quite strong for sellers with inventory still low in terms of number of months. RMLS shows 3.1 months for September. My own number tracking shows us running around 80 days currently (seems to be decreasing for October, which is not the norm).

Other highlights include solid gains for the average sale price as well which for September was $338,100 up 6.6% from September 2013 and 7.4% for year to date, but that is down .6% from August. My own numbers show we are currently hovering around the $360,000 mark so it is still increasing currently in late October.

Typically we would be seeing a solid slow down in the market right now and while we are seeing that with inventory over all, down from over 6,400 homes in early September to just barely 5,800 now, usually we would be seeing larger jumps in the inventory in terms of months worth of inventory, but we’re not seeing that with only a .1 /month jump for September from August where as in 2013 that same jump was .6 and in 2012 it was .7.

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