Today is the last day of the first half of 2016!
Here is how this year’s NSDCC market compares to previous years:
The final counts for 2016 should end up close to 2,900 listings, and 1,500 sales (numbers above were updated on 7/10/16).
It doesn’t really matter if there are more listings scattered around not selling – they only matter if they dump on price to get ‘er done!
We can call 2016 slightly slower than 2015, which was rocking.
It means there are probably more listings being ‘re-freshed’ this year. A guess at what they add to the listings count? Let’s say 50-100 extra listings this year, which makes 2016 about the same as the last three years.
How about the ‘sold before processing’?
Here are the number of solds with their days on market reported as zero:
I think the vast majority of off-market deals get inputted onto the MLS because agents don’t think there is anything wrong with them – they see everyone else doing it, including the most successful agents.
The median being up 43% in 4 years seems way more than the accepted numbers for the city (or state or country). By year, 13%, 11%, 11%, and 3%. 2012 was a crazy good year to get in. Numbers like that inspire all kinds of fantasies of timing the market …