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Historically, when prices start reaching new peaks, we see more homes come to market.  This time around though, sellers have been reluctant for a variety of reasons, and inventory has been tight.

These are the total number of detached-home listings that hit the MLS between June 1 and September 30th.

NSDCC Summer Inventory (June 1 – Sept 30)

Year
# of Listings
Median LP
Average LP
2012
1,546
$977,000
$1,536,521
2013
1,779
$1,159,000
$1,609,073
2014
1,687
$1,199,000
$1,733,545
2015
1,806
$1,276,000
$1,814,817

It’s not a big increase (7% higher than last year), but could it be a precursor to what we might see next spring?

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