More evidence of how are sales and pricing have been flat this year, in spite of lower rates:

NSDCC 3rd Quarter Sales

Year
# of 3Q Sales
Median SP
Median DOM
2013
884
$975,000
24
2014
753
$1,050,000
27
2015
850
$1,025,000
23
2016
822
$1,175,000
22
2017
798
$1,250,000
22
2018
760
$1,315,000
24
2019
770
$1,329,000
23

Rates have bumped up a quarter, and any action today by the Fed won’t change them much:

Sales, pricing, rates – all stagnant and just waiting around for buyers to find the right house – or price!

If you ever thought of firing off a lowball offer, November would be the month.

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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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