When you look at the 2nd half of 2012, you can see that a surge was building – and in 2013 we had one of the biggest frenzies of all-time. The end of 2017 was less enthusiastic – the worst second half since 2014. It makes you think that we might get off to a slower start this year:
NSDCC Detached-Home Sales
We can do all the analysis we want, but the bottom line is that if buyers see something they like, they just lunge at it these days. I’ve already seen three new pendings today that were outrageously priced, yet it didn’t stop somebody from tying them up.