Much like in the last presidential election cycle of 2012, the November, 2016 sales were high, and led to a frenzied selling season the following spring (we had 4% more NSDCC sales in 1H17 than in 1H16). But sales were solid last month too, which hopefully means Spring 2018 will be lively.
NSDCC November Sales
This is only one-month’s worth of data, but these stats suggest that pricing may have topped off, and we’re finding an equilibrium. The average $$/sf and median sales price from last month are closer to those from 2015 than 2016.
It’s interesting that the median days-on-market is almost half of what it was five years ago! There’s not much hesitation in buyers these days.