October was a continuation of the the trends we have been seeing since July. Sales were down 12% for the month but last October was an especially strong month. Year-to-date sales are down 10% from a year ago and down 3.5% when compared to 10 months of sales in 2014. Inventory is still low but it has stabilized. Median prices have come off of their highs and during the month the average negotiation off of the list price was 1.17%. This after many months of the average sale being above the list price. It will be interesting to see how our market weathers the winter. During the past two winters inventory has remained low and sales remained strong. This has provided a hot start to both 2015 and 2016.
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