We keep hearing how tight the inventory has been, but it is relative to price.  The Above-$1M market has had a fairly consistent supply – it’s the lower-end inventory count that has been dropping steadily:

NSDCC New Listings Between Jan 1 – April 30th

Year # Listings Below $1M # Listings Above $1M Percentage Above $1M
2014
659
1,087
62%
2015
625
1,179
65%
2016
545
1,428
72%
2017
452
1,324
75%
2018
311
1,359
81%

Now that we’ve come this far, sellers will be reluctant to go back!

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