Here’s a look at the annual number of NSDCC listings – this year, we are going to exceed 5,000 for the first time in five years:
Additional inventory is encouraged….up to a point. In 2006, the inventory ballooned to 6,046 listings, which was 9% higher than the previous year’s count. The surge in new listings set buyers back on the their heels, and sales plunged 13% in 2006 compared to 2005.
Will 2017 be the year that the inventory sees a real surge?
A summary of the conditions leading into 2017:
- Highest NSDCC prices ever.
- Highest rates in two years.
- Highest inventory since 2011.
- Highest seller optimism ever (MLP – MSP).
Hopefully the Trump Effect will help buyers keep moving!