Monthly Market Summaries

The market in early November is clearly weaker than it was a month ago, and the weakness now shows in almost every measure. Supply rose faster than it did last fall, contract activity fell, and the contract ratio is at its lowest level since February 2009. Closed listings also dropped sharply during October, as we…

The market in early October has completely reversed the encouraging signals we reported a month ago. At the start of September, pending listings, listings under contract, and the contract ratio had all moved back above their levels of a year earlier. That has not held. All three fell sharply during September and are now well…

The picture in early September is the mirror opposite of last month. In August, completed transaction numbers looked strong while forward-looking measures declined. This month the reverse is true. Pending listings, listings under contract, and the contract ratio have all moved back above where they stood a year ago, while closed listings and monthly dollar…

The market in early August presents a more mixed picture than we saw a month ago. Compared with July 2025, the completed numbers still look good — closed listings, average $/SF, median sales price, the annual sales rate and monthly dollar volume are all higher. But the forward-looking measures have turned: listings under contract, pending…

The market situation in early July is clearly better than it was in July 2025 across all the above metrics, but is more mixed when comparing with last month (June). On the positive side, we have a slightly higher % of list achieved than a month ago, and inventory and supply measures are lower (a…