Here’s our bimonthly check on how the actives and pendings are faring.
Two weeks ago it was suggested, “We were driving 135 MPH, and now we’re down to 127 MPH”.
We’re probably down to 100 MPH now.
For the first time in months, the total number of active and pending listings are balanced, and almost all areas have a few more actives today than they did two weeks ago:
NSDCC Actives and Pendings
|Town or Area|
We can also track the average market times too.
Any upward trends here would indicate market slowing:
The lower-end should always be the hottest segment, and the average market time was down to 18 days on Monday. But the other price ranges are going the other way, which either means that buyers are getting more picky, or more prices are wrong – or both.