The third quarter of 2013 showing remarkable resilience to higher rates and other distractions – both NSDCC sales and average pricing were higher Y-O-Y:
There will be 20-30 late reporters adding to the sales count as well.
We are experiencing a slowdown, measured by the average days on market. In the coming months you will hear the media use ‘market slowdown’ as a scare tactic, but all it means is that buyers and sellers are having a harder time coming together.
The Average DOM measures how well sellers are adjusting their price.
These are the average-DOM stats from the month that these NSDCC detached-homes went pending, so we can pick up the latest from September:
The average-days-on-market stat is rising, which means that buyers are holding out longer in hopes of negotiating a better price, and/or that sellers are struggling more with getting their price right (low enough).