Buyers are wondering, “When will we see more inventory?”
We got off to a hot start in 2016, with the first three months having more new listings than in previous years. But last month was a dud, relatively.
NSDCC New Listings By Month
| Year | ||||||
| 2013 | ||||||
| 2014 | ||||||
| 2015 | ||||||
| 2016 | ||||||
| 2017 |
This is the chart of NSDCC sales sorted by the month they went pending. In spite of the surge of new listings in the first quarter of 2016, sales in January and February were the lowest of recent years.
NSDCC Sales Sorted By The Month They Went Pending
| Year | ||||||
| 2013 | ||||||
| 2014 | ||||||
| 2015 | ||||||
| 2016 | ||||||
| 2017 |
I think buyers will be somewhat hesitant in 2017, and sales might get off to a slower start like we did last year. But there are 306 NSDCC houses that are currently pending! By March, we should be rocking.
