Inventory Watch – Steady Strong

by | May 30, 2013 | Inventory | 2 comments

A good week for NSDCC sellers – there were 70 new listings inputted since 5/23/13, and 84 new pendings! Sixty-three percent of the new listings, and 73% of the new pendings were under $1,200,000.

The UNDER-$1,200,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
DOM
Avg SF
April 29
201
$384/sf
36
2,599sf
May 5
195
$381/sf
36
2,633sf
May 9
207
$387/sf
35
2,624sf
May 18
241
$397/sf
33
2,566sf
May 23
236
$397/sf
34
2,529sf
May 30
230
$391/sf
35
2,591sf

The OVER-$1,200,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
DOM
Avg SF
April 29
620
$806/sf
94
5,183sf
May 5
606
$806/sf
93
5,223sf
May 9
628
$808/sf
93
5,150sf
May 18
653
$807/sf
92
5,161sf
May 23
661
$814/sf
92
5,141sf
May 30
659
$805/sf
95
5,222sf

The last month has been range-bound. Unless there is a significant breakout from these levels, there won’t be any real relief for buyers!

2 Comments

  1. livinincali
    livinincali on May 30, 2013 at 7:37 am

    Well the mortgage interest rates have sky rocketed during May (3.5 to 4.0), so that probably makes it even worse for buyers. I’m sure they will be a panic phase for buyers but after that maybe we’ll actually start seeing some weakness in the bidding wars. Should be an interesting summer and fall.

  2. Jim the Realtor
    Jim the Realtor on May 30, 2013 at 9:07 am

    Not sure of the definition of ‘sky rocketed’, but buyers and sellers aren’t paying that close attention.

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