I agree that homes selling quicker – evidenced by the lower market times – means crazy price increases.  Sellers can get away with pricing their home at 5% to 10% above comps and buyers still come running.

How crazy is it?

More than half of our sales are finding their buyer in 14 days or less!

NSDCC November Sales

Year
Total # of Sales
Sales with <14 DOM
% of Sales <14 DOM
2019
219
74
34%
2020
251
136
54%

Let’s also note that by the time we’re done, there will be close to 300 sales this month, which is unheard of for November!

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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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