Inventory Watch

by | Aug 27, 2018 | Inventory, Jim's Take on the Market | 3 comments

There are 117 NSDCC houses for sale listed under $1,000,000 today, which is the highest count of the year – even though the average cost-per-sf is near the low of the year ($430/sf).  But the rest of the market is holding up, based on the average cost-per-sf of the active listings:

The MLS doesn’t publish the stats for the Above-$2M market for some reason.

In the other three categories, the number of houses for sale are at, or near, their highs for the year, which can be expected for the end of summer.  The new-pendings are slowing down, which is normal too for this time of year:

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
Jul 9
98
$447/sf
33
65
Jul 16
98
$445/sf
34
78
Jul 23
97
$436/sf
34
68
Jul 30
116
$433/sf
32
71
Aug 6
111
$434/sf
31
64
Aug 13
115
$434/sf
34
64
Aug 20
110
$426/sf
37
58
Aug 27
117
$430/sf
36
64

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
Jul 9
201
$483/sf
45
146
Jul 16
200
$502/sf
44
145
Jul 23
217
$504/sf
45
148
Jul 30
210
$493/sf
48
154
Aug 6
209
$493/sf
45
146
Aug 13
214
$496/sf
44
147
Aug 20
205
$494/sf
46
145
Aug 27
211
$493/sf
46
134

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
Jul 9
160
$590/sf
63
65
Jul 16
160
$591/sf
63
66
Jul 23
156
$587/sf
65
67
Jul 30
158
$582/sf
68
69
Aug 6
165
$590/sf
59
70
Aug 13
166
$596/sf
58
72
Aug 20
172
$608/sf
61
67
Aug 27
171
$622/sf
66
65

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
Jul 9
519
$0/sf
96
73
Jul 16
521
$0/sf
98
80
Jul 23
539
$0/sf
98
82
Jul 30
550
$0/sf
101
82
Aug 6
544
$0/sf
101
81
Aug 13
556
$0/sf
100
78
Aug 20
562
$0/sf
100
76
Aug 27
552
$0/sf
102
74

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
Jul 9
74
50
342
Jul 16
109
83
361
Jul 23
101
54
357
Jul 30
97
67
364
Aug 6
101
60
349
Aug 13
103
54
350
Aug 20
89
58
334
Aug 27
83
46
325
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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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3 Comments

  2. Rob_Dawg
    Rob_Dawg on August 27, 2018 at 10:32 am

    I’m thinking you need to move the “Below $xxx” lowest tier to Below $1.25m.

  3. Jim the Realtor
    Jim the Realtor on August 27, 2018 at 10:45 am

    I’m thinking you need to move the “Below $xxx” lowest tier to Below $1.25m.

    You’re probably right, the Under-$1M market is just the worst of each market, with not enough quality to balance the numbers.

    Here is the Under-$1.25M today:

    # Active listings:

    206 @ $437/sf (about the same)

    with 117 pendings

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