Looking at the market data for the month of November, we are again seeing the trends vary a bit by neighborhood. If you want a market analysis or home valuation specific to your property or neighborhood - just let me know. 

Overall, sale prices are holding pretty steady (down in some areas, but up in others). Where prices are down, for the most part that is down from the recent peak but still up over last year. Despite the drop in buyer demand, we have still been seeing some intense bidding wars and record sales prices on certain special properties.

One key takeaway to keep in mind is that the average days on market, or the speed at which most homes are selling, is up. Sellers can no longer expect their homes to sell in a weekend and must pay attention to pricing and presenting their home correctly right out of the gate to avoid sitting and getting stale. 

We are also seeing lots of price reductions, which is typical this time of year as sellers are either going to try to get their home sold before year-end, or take it off the market to try again in the spring.