If we were to compare a simple set of data points to describe the general condition of the NSDCC market today, it would be these:

The UNDER-$1,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Apr 2
50
$464/sf
24
95
Jul 2
96
$443/sf
30
76

The lowest-end of the market – the place that should be the hottest – has almost doubled the number of houses for sale over the last 90 days (and this is the selling season!).

During the same period, their average list pricing has declined 5%, and the number of pendings has dropped 20%. A casual observer might conclude that the market is in freefall, but it’s just sorting itself out.  We are seeing what the ibuyers are finding out – sellers are willing to take less, and still call it a win.

While sellers would love to get a crazy-high, new-record price for their home, prices have gone up so much recently that even if they have to take less, it is still a substantially-higher profit over just a few years ago.

Last year, there were 314 closed sales between April 2nd and July 2nd, but this year the current count is only 217 – so not every seller is in recognition.

Get Good Help!

The UNDER-$1,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 1
36
$477/sf
51
58
Jan 8
35
$479/sf
42
56
Jan 15
39
$469/sf
37
53
Jan 22
37
$453/sf
42
62
Jan 29
38
$459/sf
35
64
Feb 5
41
$463/sf
26
69
Feb 12
39
$461/sf
20
73
Feb 19
42
$456/sf
20
72
Feb 26
53
$451/sf
20
81
Mar 5
47
$457/sf
24
79
Mar 12
60
$434/sf
19
87
Mar 19
67
$478/sf
21
81
Mar 26
61
$477/sf
23
86
Apr 2
50
$464/sf
24
95
Apr 9
56
$471/sf
23
93
Apr 16
61
$464/sf
24
93
Apr 23
59
$459/sf
25
96
Apr 30
61
$466/sf
27
95
May 7
67
$472/sf
20
89
May 14
66
$480/sf
21
95
May 21
81
$474/sf
21
85
May 28
83
$438/sf
24
91
Jun 4
80
$442/sf
27
97
Jun 11
81
$427/sf
27
91
Jun 18
88
$442/sf
29
78
Jun 25
93
$442/sf
31
77
Jul 2
96
$443/sf
30
76

The $1,000,000 – $1,500,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 1
91
$532/sf
72
68
Jan 8
99
$551/sf
64
64
Jan 15
96
$535/sf
61
75
Jan 22
107
$515/sf
63
82
Jan 29
108
$512/sf
57
91
Feb 5
110
$518/sf
49
100
Feb 12
117
$487/sf
46
106
Feb 19
107
$500/sf
45
114
Feb 26
112
$485/sf
46
117
Mar 5
111
$496/sf
45
115
Mar 12
126
$475/sf
43
109
Mar 19
125
$487/sf
47
129
Mar 26
133
$484/sf
47
124
Apr 2
139
$495/sf
47
121
Apr 9
148
$485/sf
51
119
Apr 16
145
$474/sf
45
114
Apr 23
162
$470/sf
43
117
Apr 30
162
$486/sf
42
121
May 7
180
$495/sf
40
117
May 14
182
$491/sf
41
127
May 21
184
$475/sf
40
135
May 28
188
$473/sf
40
139
Jun 4
189
$469/sf
43
148
Jun 11
199
$469/sf
45
142
Jun 18
193
$465/sf
44
143
Jun 25
211
$476/sf
39
141
Jul 2
206
$483/sf
41
142

The $1,500,000 – $2,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 1
84
$612/sf
86
40
Jan 8
98
$612/sf
73
42
Jan 15
98
$607/sf
73
42
Jan 22
111
$589/sf
63
42
Jan 29
120
$577/sf
61
45
Feb 5
114
$586/sf
56
51
Feb 12
118
$566/sf
52
57
Feb 19
121
$596/sf
53
64
Feb 26
122
$596/sf
53
64
Mar 5
125
$593/sf
56
70
Mar 12
131
$602/sf
53
67
Mar 19
120
$598/sf
58
74
Mar 26
121
$596/sf
57
75
Apr 2
128
$593/sf
55
70
Apr 9
140
$612/sf
54
66
Apr 16
146
$617/sf
50
67
Apr 23
149
$616/sf
53
78
Apr 30
152
$605/sf
60
81
May 7
157
$618/sf
63
85
May 14
158
$614/sf
63
87
May 21
154
$637/sf
54
82
May 28
146
$633/sf
58
80
Jun 4
149
$614/sf
54
76
Jun 11
158
$615/sf
50
83
Jun 18
164
$606/sf
53
77
Jun 25
160
$606/sf
56
73
Jul 2
160
$607/sf
56
69

The $2,000,000+ Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 1
341
$1,021/sf
127
56
Jan 8
356
$1,007/sf
123
49
Jan 15
370
$991/sf
115
48
Jan 22
375
$992/sf
110
47
Jan 29
384
$1,005/sf
109
56
Feb 5
387
$1,005/sf
111
56
Feb 12
379
$1,004/sf
107
63
Feb 19
399
$990/sf
104
69
Feb 26
400
$990/sf
101
75
Mar 5
398
$1,022/sf
97
79
Mar 12
406
$1,017/sf
99
89
Mar 19
430
$1,020/sf
97
79
Mar 26
455
$0/sf
92
71
Apr 2
453
$0/sf
94
67
Apr 9
462
$0/sf
94
66
Apr 16
473
$0/sf
95
66
Apr 23
482
$0/sf
95
70
Apr 30
476
$0/sf
94
74
May 7
486
$0/sf
92
72
May 14
493
$0/sf
91
84
May 21
510
$0/sf
92
79
May 28
504
$0/sf
95
90
Jun 4
488
$0/sf
94
102
Jun 11
502
$0/sf
95
99
Jun 18
524
$0/sf
93
91
Jun 25
525
$0/sf
92
78
Jul 2
516
$0/sf
94
78

Weekly NSDCC New Listings and New Pendings

Week
New Listings
New Pendings
Total Pendings
Jan 1, 2018
18
15
Jan 8
89
31
Jan 15
87
43
Jan 22
87
43
Jan 29
81
48
244
Feb 5
77
53
262
Feb 12
74
53
280
Feb 19
89
55
295
Feb 26
87
57
318
Mar 5
84
62
328
Mar 12
107
61
339
Mar 19
88
59
350
Mar 26
99
55
347
Apr 2
87
66
346
Apr 9
106
58
336
Apr 16
98
54
331
Apr 23
108
67
353
Apr 30
98
70
362
May 7
138
68
355
May 14
99
78
386
May 21
115
63
369
May 28
92
84
387
Jun 4
91
77
410
Jun 11
100
56
401
Jun 18
103
54
376
Jun 25
105
54
358
Jul 2
83
78
361
author avatar
Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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