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Yesterday we saw that more than half of the NSDCC houses sold over the last couple of months have closed for a price that’s higher than their list price.

Another difference from previous years is the efficiency.

Typically, there are only around 55% to 60% of the listings that actually sell each year – mostly due to agents re-freshing their listings repeatedly, sellers changing their mind, and wrong pricing.

What a huge difference in the Covid Era.

We have fewer homes for sale, but more of them are selling:

NSDCC Listings Between December 1st and January 31st

Year
Number of Listings
Number of Listings Pending or Sold By March 12th
%
2020
526
253
48%
2021
460
328
71%

Before Covid was declared, we had come into 2020 with low rates and renewed optimism, and the market was active as participants were finding their way, price-wise. There were 48% of the early listings that found a buyer before Covid kicked in on March 12th.

This year, the higher-end market is healthy, but the Under-$2,000,000 is blistering hot:

NSDCC Listings Under $2,000,000 Between December 1st and January 31st

Year
Number of Listings Under $2M
Number of Listings Pending or Sold By March 12th
%
2020
329
206
63%
2021
237
210
89%

89%!

When you are telling your grandkids about THE GREATEST REAL ESTATE FRENZY OF ALL-TIME, come back to this page!

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