Single family home sales county-wide were down 21% compared to the previous month but up 14% compared to October last year. Also, this was the best October sales figures in 8 years. Year-to-date sales were up 16.6%. On the mainland, there were 69 houses that sold for under $100,000, much higher than previous months. Most of the sales were in the south end and the northwest side of the county. The high sales were for $450,000 in the golf community of Indian River Club and for $425,000 in Coventry Island in Grand Harbor. County wide inventory of single family houses increased 5 units to 1952 from the previous month. There is a 10.4 month supply of houses for sale on the mainland. This is lower that the overall county absorption rate, which is an indicator that lower priced and smaller properties are more in demand.
