The year-over-year comparisons will continue to expose how hot the frenzy was last year. Most of the reports and opinions jump to the conclusion that housing is lagging this year, but when you compare it to the previous period it looks pretty good – at least around here.
In fact, it is amazing that we are keeping up with the previous years’ sales counts, in spite of the average pricing being 34% higher!
NSDCC Detached-Home Sales between March 1 and April 15
| Year | |||
| 2011 | |||
| 2012 | |||
| 2013 | |||
| 2014 |
The pace this year feels more measured, which is a good sign. But the pricing has increased so quickly, you have to wonder if it is sustainable. Sales would dry up first – but so far they look pretty good.
If price was the issue they would move inland.
These are kind of like the suburban/pedestrian version of trophy properties.