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:

Year
# of Listings
Median LP
Median SP
MSP YoY %diff
MLP – MSP
2012
4,416
$979,990
$850,000
$129,990
2013
4,817
$1,167,890
$975,000
+14.7%
$192,890
2014
4,691
$1,248,000
$1,045,000
+7.2%
$203,000
2015
4,910
$1,295,450
$1,100,000
+5.3%
$195,450
2016
4,985
$1,399,000
$1,150,000
+4.5%
$249,000

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:

  1. Highest NSDCC prices ever.
  2. Highest rates in two years.
  3. Highest inventory since 2011.
  4. Highest seller optimism ever (MLP – MSP).

Hopefully the Trump Effect will help buyers keep moving!

author avatar
Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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