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Let’s try to predict what will happen in 2021!

For fun, our reader The Old Man suggested we look back at the predictions for 2020.  I had guessed that sales would drop 10%, with the NSDCC median price rising 2% to 3% – here’s last year’s blog post:

https://www.bubbleinfo.com/2019/12/09/2020-predictions/

The 2020 sales count is already 12% ABOVE last year’s sales, and is the highest in history – and we’re not done yet.  Is it even possible to have MORE sales next year?  Yes, but only if we get a surge of inventory.

This is where it gets interesting.

The number of 2020 listings was 5% below last year, and 7% below the 2018 count. If we just get back to last year’s numbers, it will feel like a surge, but it’s really just going back to normal.  I think the extra 5% is in the bag, and because of the additional reasons for people to sell, we will have a surge that will blow way the recent numbers of listings.

MY 2021 PREDICTIONS:

  1. We will have 10% more NSDCC listings than we had in 2020.
  2. We will have 10% more sales.
  3. We will have a 10% increase in the NSDCC median sales price.

And that, my friends, is what a FULL-BLOWN FRENZY looks like.

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