The slowdown started in July, so the November sales count is surely going to reflect the impact – and it does. Sales were down 11% year-over-year:

Year
# of Sales
Median SP
Avg. Cost-per-sf
Avg. DOM
Avg. SF
S/BD*
2013
187
$1,030,000
$474/sf
58
2,960sf
10.4
2014
173
$985,000
$489/sf
63
3,071sf
10.2
2015
196
$1,173,750
$518/sf
54
3,067sf
10.9
2016
244
$1,235,908
$531/sf
51
3,046sf
12.8
2017
218
$1,200,305
$522/sf
46
3,093sf
11.5
2018
194
$1,310,000
$568/sf
55
3,067sf
10.2

*S/BD = Sales per business day, which had the same -11% YoY decline.

Let’s put away the panic button for now.

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