We saw the NSDCC sales in May and June be 20% fewer than they were in 2017. We had 11 more sales in July this year, compared to July, 2017, but there was one extra day in 2018.

How are we doing so far in August? Can we just hang close to the mean this month, have a decent September, and cruise into the holidays?

NSDCC Detached-Home Sales, August 1-15

Year
# of Sales
Avg. $$/sf
Median SP
Median DOM
2014
133
$478/sf
$1,060,000
24
2015
133
$460/sf
$1,050,000
17
2016
115
$480/sf
$1,169,000
17
2017
138
$547/sf
$1,282,500
25
2018
125
$539/sf
$1,300,000
22

If sales stay within 10% of the previous year, we should be fine. We’re looking for disaster signs, not just the usual bouncing around (see previous years).

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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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