Condominiums followed the same trend with 19 condos on the market last month, a slump from 31 in October 2011.
The number of condos sold rose slightly to 10 last month, while the median price climbed from $262,500 to $313,000 in the same year-to-year comparison.
There were five bank-owned properties sold last month and 16 short sales, where a lender lets a homeowner put a house on the market for less than is owed on the mortgage.
Other communities in the tri-city area are also seeing short sales outnumbering the sale of bank-owned properties.
Realtor Caleb Gonzalez with VonKeith Properties in Burbank said he’s still seeing multiple offers from a flurry of potential buyers.
“There are lots of buyers who want to buy and that’s exciting, but competitive,” he said.
He added that he’s finding a new level of confidence among consumers — and not just in housing.
“They feel good about their jobs, which impacts their buying ability,” he said.
Gonzalez said he noticed a slight increase in the number of buyers back in March.
But as the summer took hold, he realized properties were “flying off the shelves and there’s not a lot of stuff coming on.”
Usually as the holidays near, the real estate market slows down, Gonzalez said.
“But I’m not seeing that right now,” he added.
Follow Mark Kellam on Twitter: @LAMarkKellam