When you look at the general data, the 25% dip year-over-year of January listings doesn’t look so bad – especially on a graph. Heck, we’re in the middle of a pandemic!
But look how it is playing out:
NSDCC Detached-Home New Listings
|Price Range||New Listings in January||# of Those Pend/Sold||Pend/Sold Median DOM|
The lower-end is smoking hot where virtually all listings have found a buyer (88%), and for the higher-end to have most of the January listings go pending already is astonishing!
This has to be the best performing market of all-time!
1.5 mil is such a psychological no go barrier for most people but considering how hot sales are under 1.5 mil……it won’t take but just a little push to break past it.