The percentage of buyers who were willing to pay over list reached another all-time high in June:

NSDCC Detached-Home Sales, % Closed Over List Price

January: 38%

February: 43%

March: 53%

April: 55%

May: 54%

June: 59%

There were 37% of the total sales that closed for $100,000+ over list price!

The action was really hot in the $2,000,000s – the other price ranges cooled off slightly:

Percentage Who Paid Over List Price by Price Range

Price Range
March
April
May
June
$0 – $1.0M
76%
79%
89%
88%
$1.0M – $1.5M
68%
78%
84%
75%
$1.5M – $2.0M
66%
66%
72%
66%
$2.0M – $3.0M
54%
32%
34%
66%
$3M+
16%
22%
22%
17%

After rising in six-figure amounts the previous month, it looks like pricing might be leveling off too:

NSDCC Average and Median Prices

Month
# of Sales
Avg. LP
Avg. SP
Median LP
Median SP
Feb
224
$2,298,797
$2,257,334
$1,719,500
$1,758,000
March
252
$2,295,629
$2,260,524
$1,800,000
$1,825,000
April
357
$2,396,667
$2,403,962
$1,799,900
$1,828,000
May
300
$2,596,992
$2,581,715
$1,900,000
$1,994,500
June
348
$2,509,175
$2,537,953
$1,900,000
$1,967,500

We’ve been experiencing the hottest real estate market in the history of the world!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Pin It on Pinterest