The scant number of homes coming to market is frustrating many a buyer.
This is the prime-time selling season – where are the sellers?
It seems that prices have gotten so low that elective sellers are staging a boycott around NSDCC. Here are the number of detached listings that came on the market between March 1st and April 7th, and the number of closings in the same time frame:
|Year||# of New Listings||Avg LP/sf||# closed in same period||Avg SP/sf|
A few of the sellers coming on the market might get lucky and sell for a tad more just due to the supply and demand.
However, buyers are enjoying these prices, and they’d have to find a far-superior house to justify paying a lot more than the last guy. But there are few superior homes for sale for a reasonable price – the people who own them are fairly comfortable, apparently.