Spring Surge of Inventory?

Written by Jim the Realtor

March 20, 2014

homesweethomwThe guy in the video below expects a surge of inventory this spring because of higher prices.

But it’s not happening yet.

Here are the NSDCC detached-home listings that hit the market between Feb. 15 and March 15 (and 2012 had one extra day due to leap year):

Year
# of New Listings
LP Avg $/sf
2012
435
$425/sf
2013
443
$474/sf
2014
400
$551/sf

Greed and money are apparently taking a backseat to the utility value of a home, the comfort and convenience of not moving, and the weather!

1 Comment

  1. Jiji

    And the low interest loan they got last year (or so).

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