The rest of the year is shaping up quite nicely – if all that matters are stats.
After a slow start in 1Q16, we closed 909 sales in the second quarter! After a strong 2015, there was some expectation for a pullback this year, but not yet – we exceeded the 2Q15 total of 901 sales!
Can we predict the rest of 2016?
We had similar second-quarter counts in both 2012 and 2015 as we did this year, and in both years the 3Q counts dropped off about the same (845 and 832). With the attractive mortgage rates we should at least equal, and hopefully do a little better? Let’s predict 850 NSDCC sales for the third quarter of 2016.
The last 3 fourth quarters have been almost identical – sales counts in the 660s.
We had 556 + 909 = 1,465 sales in first half of 2016.
Today we have 416 pendings.
Predicting 850 + 660 = 1,510 sales in second half of 2016.
Here are the NSDCC quarterly sales numbers:
Quarter |
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What needs to happen to ensure a vibrant second half of 2016?
Buyers need to make offers.
Sellers aren’t going to go first.
Even if they did lower the price, it won’t be by much. Mid-summer is here, and buyers have more permission. It’s not April any more!
