We saw that the first-half sales were 4% under last year’s count – has it been getting worse lately?  Yes, and the high-end is where the trouble is:

NSDCC Detached-Home Sales, July:

Year
# Closed Sales
Avg $$/sf
Median SP
# of Sales Over $2M
2016
312
$507/sf
$1,200,000
60
2017
363
$529/sf
$1,260,000
73
2018
299
$606/sf
$1,350,000
74
2019
281
$612/sf
$1,300,000
64
Latest YoY
-6%
+1%
-4%
-14%

We have 546 active listings of NSDCC homes priced over $2,000,000/46 = 12-month supply.

Low rates, more inventory, strong employment, and record Dow hasn’t helped much yet. But we know there’s nothing that price won’t fix!

Get Good Help!

Pin It on Pinterest