Interest rates are an area to pay attention to as rate hikes are widely expected before the year ends. The Federal Reserve Bank has skipped two opportunities to raise rates this fall, but the final meeting in December will likely include a minor rate hike.
For October 2015 the Median Sales Price was up 7.6% to $1,280,000 for single family homes and 15.4% to $1,102,500 for Condo/TIC/Coop properties. Months Supply of Inventory decreased to 1.9 MSI for single family units but was up 2.4 MSI for Condo/TIC/Coop units.
Read the full report: SFAR MarketFocus – October 2015