October 2021 Market Report
Overall the data indicates a continuation of the very strong and competitive market we’ve been seeing since the rebound from the early days of the pandemic. Somewhat surprisingly we are seeing a downtick in YOY inventory even as we entered the normally very hot fall sales season. After October, we typically see a drastic decline in new listings, but nothing about the market has been typical for some time now.
This report is indicative of single family homes and condos/townhouses in aggregate for the entire city. If you want more granular information based on specific criteria such as neighborhood, number of bedrooms and bathrooms, etc., I’m more than happy to create a report for you.
Single Family Homes
Values for month of Sep 2021
SEP 2021 | CHANGE FROM AUG 2021 | CHANGE FROM SEP 2020 | |
---|---|---|---|
Homes sold | 235 | -2.9% | -13% |
Homes for sale | 330 | +5.1% | -60% |
Median days on market | 13 | 0% | -24% |
Median price per square foot | $1,100 | +2.4% | +17% |
Months of inventory | 1.4 | +8.2% | -55% |
Median sold price | $1,750,000 | -4.1% | +11% |
Homes under contract | 346 | +52% | +13% |
Inventory
New listings
For sale (end of period)
Sold and under contract
Months of inventory
Median days on market
Price
Median sold price
Median price per square foot
Sold price/original list price %
Date | Median sold price | Median sold $/sqft | Median DOM | Active | Sold | Under contract |
---|---|---|---|---|---|---|
Jul '20 | $1,570,000 | $984 | 16 | 671 | 244 | 279 |
Aug '20 | $1,600,000 | $992 | 19 | 724 | 239 | 265 |
Sep '20 | $1,570,000 | $939 | 17 | 834 | 269 | 307 |
Oct '20 | $1,570,000 | $980 | 21 | 884 | 321 | 328 |
Nov '20 | $1,610,000 | $994 | 27 | 736 | 289 | 324 |
Dec '20 | $1,510,000 | $961 | 39 | 461 | 310 | 230 |
Jan '21 | $1,520,000 | $934 | 35 | 467 | 179 | 205 |
Feb '21 | $1,550,000 | $974 | 13 | 457 | 185 | 256 |
Mar '21 | $1,670,000 | $1,057 | 12 | 406 | 295 | 324 |
Apr '21 | $1,735,000 | $1,023 | 12 | 374 | 320 | 311 |
May '21 | $1,835,000 | $1,063 | 11 | 345 | 258 | 303 |
Jun '21 | $1,915,000 | $1,088 | 12 | 337 | 323 | 267 |
Jul '21 | $1,855,000 | $1,119 | 13 | 336 | 235 | 256 |
Aug '21 | $1,825,000 | $1,074 | 13 | 314 | 242 | 227 |
Sep '21 | $1,750,000 | $1,100 | 13 | 330 | 235 | 346 |
Condos
Values for month of September 2021
SEP 2021 | CHANGE FROM AUG 2021 | CHANGE FROM SEP 2020 | |
---|---|---|---|
Homes sold | 243 | -18% | -14% |
Homes for sale | 779 | +28% | -50% |
Median days on market | 17 | -37% | -45% |
Median price per square foot | $1,116 | +1.2% | +5.8% |
Months of inventory | 3.2 | +57% | -42% |
Median sold price | $1,200,000 | +2% | +1.7% |
Homes under contract | 368 | +28% | +34% |
Inventory
New listings
For sale (end of period)
Sold and under contract
Median days on market
Months of inventory
Price
Median sold price
Median price per square foot
Sold price/original list price %
Date | Median sold price | Median sold $/sqft | Median DOM | Active | Sold | Under contract |
---|---|---|---|---|---|---|
Jul '20 | $1,275,000 | $1,148 | 27 | 1209 | 231 | 223 |
Aug '20 | $1,240,000 | $1,099 | 34 | 1338 | 217 | 297 |
Sep '20 | $1,180,000 | $1,055 | 31 | 1558 | 282 | 274 |
Oct '20 | $1,165,000 | $1,021 | 35 | 1643 | 264 | 307 |
Nov '20 | $1,200,000 | $1,021 | 47 | 1445 | 305 | 281 |
Dec '20 | $1,100,000 | $1,017 | 70 | 928 | 324 | 295 |
Jan '21 | $1,075,000 | $1,026 | 68 | 943 | 241 | 276 |
Feb '21 | $1,195,000 | $1,079 | 24 | 960 | 244 | 336 |
Mar '21 | $1,221,184 | $1,082 | 28 | 905 | 413 | 416 |
Apr '21 | $1,205,000 | $1,077 | 23 | 855 | 407 | 431 |
May '21 | $1,230,000 | $1,102 | 21 | 720 | 397 | 423 |
Jun '21 | $1,275,000 | $1,142 | 18 | 694 | 416 | 322 |
Jul '21 | $1,240,000 | $1,119 | 20 | 676 | 286 | 314 |
Aug '21 | $1,176,000 | $1,103 | 27 | 609 | 298 | 287 |
Sep '21 | $1,200,000 | $1,116 | 17 | 779 | 243 | 368 |