November Property sales were 614, down -13.6% from 711 in November of 2013 and -32.3% lower than the 907 sales last month. November 2014 sales were at their lowest level compared to November of 2013 and 2012. November YTD sales of 8,923 are running -9.8% behind last year's year-to-date sales of 9,896.

Prices

The Median Sales Price in November was $185,000, up 10.1% from $168,000 in November of 2013 and up 2.8% from $180,000 last month. The Average Sales Price in November was $288,776, up 7.5% from $268,745 in November of 2013 and up 6.0% from $272,526 last month. November 2014 ASP was at highest level compared to November of 2013 and 2012.

Inventory & MSI

The Total Inventory of Properties available for sale as of November was 3,840, down -12.7% from 4,401 last month and down -1.5% from 3,899 in November of last year. November 2014 Inventory was at the lowest level compared to November of 2013 and 2012.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2014 MSI of 6.3 months was at a mid range compared with November of 2013 and 2012.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for November was 69, up 4.5% from 66 days last month and up 3.0% from 67 days in November of last year. The November 2014 DOM was at a mid range compared with November of 2013 and 2012.