While the number of lots sold this year is still way below average, October sales were right at the eight-year average for the first time since 2008. And the average price so far this year is nearly 20 percent higher than last year. There are still a ton of lots for sale, but the trend is moving in the right direction and rather quickly.
The total inventory is near 1,600 properties for sale. Supply and demand are moving to balance at last.
19 ... number of lots sold in October
March 2008 ... last month with at least 19 sales
March 2007 ... 49 lots sold
Chuck Leathers is the broker/owner of Chuck Leathers Real Estate Co. He can be reached at (888) 485-2300 or email him at ChuckLeathers@Realtor.com.