Can we get a feel for the action yet?  Here’s just a small sample of what’s happening so far – a comparison to previous years of how many new listings have hit the MLS (most are re-freshed):

NSDCC New Listings, First Ten Days

Year
Number of New Listings
Median List Price
Median Sales Price
2013
129
$975,000
$865,000
2014
135
$1,375,000
$1,180,000
2015
138
$1,249,000
$1,100,000
2016
134
$1,666,950
$1,237,000
2017
124
$1,557,500
?

No flood of new listings yet, though there will be some late-reporters that should bring the 2017 total into the 130s. But so far, it looks like more of the same conditions – tight inventory!

The median sales price is what happened eventually to these early listings. Look at the gaps between the MLP and the MSP – you can see how optimistic sellers come out, only to find that buyers didn’t go for it in the new year either.

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