We’re not done yet with December, but it looks like we will surpass the monthly sales count of the last two years. Last year we had 28 NSDCC closings over the last two days of 2011, and we also will still have the stragglers too – let’s estimate around 230 closings for December, 2012:
|Year||Det-Home Closings||Avg. $/sf||DOM|
*this morning’s total
I agree with sdduuuude’s comment yesterday, that we are just re-gaining ground that was lost in 2011 regarding pricing, with some spectacular exceptions that drifted into the peak-pricing stratoshpere. But you can see in the days-on-market stat that the buyer anxiety is rising, which might cause some people to pay too much – could it end up being a trend?
There are plenty of homes listed at peak prices, hoping for a lucky sale, so we’ll see. It might be a good idea for both buyers and sellers to settle at retail in January, and put it to rest.