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nov

It would be natural to assume that sales start dropping off once we get into November.  But do they?

Not really.

November has the most holidays of the year (three) when the county recorder’s office is closed.  Let’s compare the number of NSDCC closings per business day:

Year
October Closings Per Day
November Closings Per Day
2012
12.9
12.7
2013
11.6
10.4
2014
10.6
10.1
2015
9.8
10.7
2016
11.3
???

You can see that November usually keeps up with October as far as number of closings per day – and November exceeded October sales per day last year!

In spite of the election, we are coming off a hot October.

Last month’s 11.3 is based on this morning’s count.  There will be late-reporters that will drive the number close to 12 – like it was during the 2012 election, which was also the beginning of the Real Estate Frenzy of 2013.

I don’t think we are heading for a frenzy next year, but with rates up slightly, it looks like this month is going to be sizzling!  There are 398 pendings today!

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