October 2011 gives us real estate statistics that are not very different from the previous months, but the inventory rose from 9,931 homes on the market to 9,973. Traditionally, inventory always sinks down a bit in these months as homeowners gear up for the holiday season.
The number of new listings slid down to 2,997, which is down from last month's number of 3,193. Not many people want to sell their homes this close to the holidays, so that could be the reason behind the small drop.
The average sales price stayed almost identical to September and August, which hovers right around $150 per square foot. That figure has been dodgy for the last 6 months and it's been difficult to predict its direction, but this is an accurate reflection of the instability of the markets presently.
Finally, for the average number of days on the market, the figure rose only slightly to 65 days.