Casual observers won’t notice the subtle change, but the active inventory of detached homes around NSDCC is creeping up.
It’s because there aren’t as many properties opening escrow. With it being the prime spring selling season, the sellers (and their agents) will want to wait another month or two, rather than lower the price.
The last time we checked, the new-listings-to-new-pendings count was 89:74 – this period was slightly slower at 76:57.
|Date||NSDCC Active Listings||Avg. LP $$/sf|
The market shift won’t be that noticeable is because there are still plenty of hot sales. Of the 57 pendings this period, 23 of them sold in 10 days or less.
But today’s list prices are being determined by adding a little extra to the 10% already gained this year – and buyers are already wondering how long this can continue.