Let’s examine the summer’s new listings of NSDCC detached homes – are more properties coming to market this year, and if so, at what price points?
These are the new listings between June 1st and August 15th:
1. The frenzy, and resulting price increases, have been primarily isolated in the lower-end markets only.
2. More sellers are pushing higher on price, but the excess supply is keeping list prices in check in the higher ranges.
3. The frenzy could keep cooking 1n the lower-end markets.
4. The higher-end markets could go down in price.
The market softness increases exponentially as sellers push higher. Comps are harder to come by, there is more competition between other unsold listings, and buyers can be pickier.
How do you see it?