Preliminary September Sales
CR said that we will see some of this year’s pricing exuberance start to dwindle as we wrap up the year. If this month’s trend continues, it looks like it is already happening for NSDCC detached sales:
|Month||# of Sales||Avg $/sf||DOM|
|Sept ’12 (MTD)|
We should catch up to previous Septembers in the sales category because there is always a flurry of closings the last few days of the month. But we could be facing a dip in pricing, which could put a bit of a chill in sales this Fall.