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