As many people stay in the area, even after they or their bosses are voted out, the first quarter of 2001 will also be strong. All these indicators are down, and we are still ahead of last year s sales volume. The very competitive market has driven this trend. The supply of these homes is just 1.3 months. While the inventory may seem higher than previous months, that is only because September sales are slower than other months, affecting the calculation.
Prime properties continue to sell with multiple interest in a number of days.
Of a sampling of units that settled in September, condos were on the market 16 days and sold for just over final list price. The distinctions between these two types of ownership are becoming less and less important. The number of homes for sale fell slightly. The inventory of single-family homes is 2.3 months. The level of homes dropped sharply last November and never recovered.