Today we are wrapping up the first third of 2016!
We complain about low inventory, but we’ve had more NSDCC houses listed in the first four months of 2016 than any year since 2011:
| Year | |||
| 2005 | |||
| 2006 | |||
| 2007 | |||
| 2008 | |||
| 2009 | |||
| 2010 | |||
| 2011 | |||
| 2012 | |||
| 2013 | |||
| 2014 | |||
| 2015 | |||
| 2016 |
This is the first time since 2006 that we’ve had the new listings increase, and sales decrease!
Using the NL/CS ratio, can we say that a market that is under 2.0 is a hot, and over 3.0 is scrambling-to-get-out?
Then is 2016 just a ‘normal’ market?
P.S. Statistics have quirky coincidences, and I double-check any time we have one. We had the exact same number of new listings in 2009 and 2010!
