On a weekly basis, Bright MLS, the regional multiple list service that our area subscribes to, offers insights and market statistics on various aspects of the real estate industry. This week’s report shows that despite longer days on market averages for listings, values are not falling as list prices hold firm.

Here are the highlights for the week ending Oct. 29, and data is comprised of numbers throughout the entire Bright MLS footprint stretching from our local area in the east, to Central Pennsylvania, and West Virginia and North Central Virginia to the south:

• List prices still holding firm. The median list price the week ending Oct. 29 was $395,000, which is slightly down from last week by 0.2 percent and above last year at this time by 5.3 percent. Prices typically fall in the fourth quarter, but this year, the decline is much more modest, as supply constraints continue to put a squeeze on prices.

• New listing activity similar to last year. For three consecutive weeks, the number of new listings is very near levels seen last year. There were 4,803 new listings, down 4.0 percent compared to a week ago but just 0.8 percent off from last year. While listings have caught up to last year’s levels, inventory is still very low in most markets.

• Time to contract loosens. Median time to contract eases up from last week by one day to 19 days. From last year, median time to contract is up by four days. The time from listing to contract tends to lengthen in the fall, and that pattern is evident this year.

Bright MLS sorts our local area as the Del/Mar Coastal area, which is comprised of Sussex, Worcester, Wicomico and Somerset counties.

This week’s figures for our local area were:

Showings: 2,301 (Up 16.3 percent over this time last year and up 6.9 percent over last week)

New Purchase Contracts: 216 (Up 0.9 percent over last year and even with last week)

Median Time to Contract (DOM): 24 days (Down two days from last year and up six days from last week)

New Listings: 236 (Up 21.6 percent over last year and up 30.4 percent over last week)

Median List Price: $380,000 (Up 3.7 percent over last year and down 10.5 percent over last week)

Lauren Bunting is a Broker with Keller Williams Realty of Delmarva in Ocean City, Maryland.