CONDO/TOWNHOUSE …There were 496 sales
during the fourth quarter, 4.6% more than
the prior year quarter. Inventory grew
12.2% to 1,085 listings over the same
period resulting in a slight cooling of the
absorption rate, the number of months
to sell all inventory at the current pace of
sales. The rate was 6.6 months, up from
6.1 months in the prior year period…

SINGLE FAMILY …There were 429 sales,
6.1% below the same period last year.
Inventory expanded 8.1% to 830 over the
same period. The decline in sales and rise
in supply slowed the absorption rate. The
absorption rate increased to 5.8 months
from 5 months in same period last year…