NSDCC May Sales & Pricing – Prelim.

We’re wrapping up the month of May today, and the spring selling season. Oh yes, there will still be plenty of blue sky ahead….until there isn’t.

The NSDCC closed sales this month are looking like they will exceed last year’s total for May – which was 287 sales.

There have been 280 closings so far this month, and we should get up to 300 over the next week or two.

Year	No. of Sales	Average Cost-per-SF	Median Sales Price
2013	362	$416/sf	$943,500
2014	269	$465/sf	$950,000
2015	287	$497/sf	$1,459,168
2016	280	$506/sf	$1,252,500

The median sales price is taking a hit this month, and it seems in part due to the lower-middle tier ($800,000-$1,400,000) being red hot lately. It’s because the $800,000-$1,400,000 range is rapidly becoming the lowest tier!

This chart of pending listings by price range gives us a glimpse of what to expect for sales closing this summer: