The overall environment can be sized up by comparing how many houses have sold, compared to the number of new listings hitting the market.
A surge of new listings can set buyers back on their heels. We could make that case about what happened last spring, when we had 100 more NSDCC listings hit early, and sales dropped a bit from the previous year:
NSDCC Action Between Jan 1 and April 10th
The 41% from last year looks like the anomaly now though, and this year looks stronger than ever, with sales maintaining last year’s pace in spite of almost 200 fewer listings! All while the lower end has been disappearing – this year we have 61% of our sales over $1,000,000!