The total number of pendings is down to where they were in February, so the off-season has begun. What can we expect the rest of the year?
NSDCC detached-home sales compared to 2017:
Third of Year
# of 2017 Sales
# of 2018 Sales
YoY % change
This year’s selling season was plagued with wildly over-priced listings, so no surprise that the number of sales dropped off year-over-year.
I think we’ll see a rebound of sorts, and sales in the last third of 2018 only be about 5% less than in 2017. Anyone trying to sell during the off-season should be more motivated, and as a result, be priced more competitively. We’ll see!
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