Pacific Union International’s regional offices are reporting strong results for the month of October, as measured by the percentage of homes in contract. Typically, more than 35 percent of homes in contract indicates a sellers’ market; less than 25 percent reflects a buyers’ market; and between 25 and 35 percent is considered a balanced market. Other measurements, such as median sales price and months’ supply of inventory, also indicate an active real estate market as we move into November.
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