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At the beginning of September, I said that the local market felt hot enough that we could pass the August numbers.

Last month had two fewer business days than August, but even if you factor that in, we didn’t quite make it – but with that surge of new pendings we should see plenty of sales closing over the next 30-60 days.

NSDCC Detached-Home Sales

Year
Number of Sales
Median Sales Price
Avg Cost-Per-SF
Avg. DOM
Sept. 2012
289
$780,000
$373/sf
70
Sept. 2013
263
$1,110,000
$470/sf
52
Sept. 2014
236
$1,091,000
$480/sf
49
Sept. 2015
247
$1,070,000
$475/sf
49
Aug. 2016
279
$1,199,000
$488/sf
47
Sept. 2016
241
$1,180,000
$514/sf
46

Going into the election of 2012, our local market exploded – but prices were relatively cheap then. Could we see another surge during this election cycle?

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