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Are we getting any more inventory? Are more homes coming to market?

There have been a few more good listings, which gives hope. The Super Bowl being on February 7th was later than usual, but the overall numbers are still very light:

NSDCC New Listings Between Feb 1 – Feb 15

Year
Total Number of Listings
Median List Price
Number Under $2M
Total Sold
% Sold
2019
207
$1,650,000
135
132
64%
2020
208
$1,731,500
126
121
58%
2021
140
$1,776,500
85
?
?

The 2021 count will climb a bit higher, but it’s safe to say that we are still well behind where we usually are.

If we end up around 165 listings, and the percentage sold improves to 70%, it would equal 116 sales which is close to the 2020 total.

If all we are missing are the casual sellers that wouldn’t have sold anyway, are we any worse off?

Not really – and the market would be more efficient if we’re just left with the serious players all around.

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