Hot November Sales
The sales and pricing resurgence is finally being reflected in the stats.
Here are the preliminary NSDCC detached-home numbers for November:
|Year||# of Sales||Avg. $/sf|
The 11% year-over-year increase in the average cost-per-sf is impressive, but the 26% pop in sales is just as spectacular, given the low inventory. Late-reporters will tack on at least another 5% to the sales count too.
The buyers are coming in strong, adding to the solid foundation being built – this time with fixed-rate mortgages, not neg-am adjustables:
Conventional loans: 64%
Here is another perspective, from Kris Berg:
Also check the list-price trends in the graphs in the right-hand column >>>>>>>