We’re still waiting for that flood of inventory!

NSDCC May Listings and Sales

Year
# of Listings
Median LP
# Sales
Median SP
Avg. $/sf
Median $/sf
2017
507
$1,370,000
345
$1,200,000
$525/sf
$418/sf
2018
522
$1,399,450
273
$1,325,000
$592/sf
$480/sf
2019
502
$1,450,000
297
$1,365,000
$598/sf
$502/sf
2020
484
$1,579,716
143
$1,395,000
$565/sf
$488/sf
2021
396
$2,000,000
301
$1,989,000
$769/sf
$655/sf

Last month’s sales didn’t set a record, but they were very strong given the shortage of inventory which was about 25% under the usual number of May listings.

Check the YoY price increases for May:

Median Sales Price: +43%

Average $$/sf: +36%

Median $$/sf: +34%

No matter how you measure it, pricing is through the roof!

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