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2014-06-24 13.01.41

The national media keeps questioning the strength of the housing market, but locally the sales and pricing couldn’t be much better – at least for sellers.

This is the early count – when the late-reporters are complete, the number of June sales should be close to what they were at the peak frenzy last year:

NSDCC Detached-Home Sales, June

Year
# of Sales
Median SP
Avg. $/sf
Avg. DOM
2010
257
$820,000
$384/sf
69
2011
251
$838,000
$373/sf
80
2012
339
$867,500
$368/sf
76
2013
333
$1,025,000
$453/sf
46
2014
297
$1,052,000
$482/sf
43

We are overdue for a cooling off period – will sales and pricing start to drift off?  Or will there be enough motivated sellers keeping their prices attractive that the market plows right through?

As long as rates stay around 4%, this could keep going!

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