Much like in the last presidential election cycle of 2012, the November, 2016 sales were high, and led to a frenzied selling season the following spring (we had 4% more NSDCC sales in 1H17 than in 1H16).  But sales were solid last month too, which hopefully means Spring 2018 will be lively.

NSDCC November Sales

Year
# of Sales
Avg. $$/sf
Median Sales Price
Median DOM
2012
241
$415/sf
$855,000
52
2013
187
$474/sf
$1,030,000
38
2014
173
$489/sf
$985,000
34
2015
193
$520/sf
$1,187,000
37
2016
238
$535/sf
$1,247,500
28
2017
209
$527/sf
$1,200,000
27

This is only one-month’s worth of data, but these stats suggest that pricing may have topped off, and we’re finding an equilibrium.  The average $$/sf and median sales price from last month are closer to those from 2015 than 2016.

It’s interesting that the median days-on-market is almost half of what it was five years ago!  There’s not much hesitation in buyers these days.

Pin It on Pinterest