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The NSDCC Monthly Sales were hopped up in April and June of this year, but are now getting back in line with previous years. Is the demand ‘cooling off’, or is it because we don’t have enough homes for sale?

NSDCC Listings & Sales

Year
June Listings
July Listings
August Listings
3 mo. total
August Sales
Median SP
2018
476
447
433
1,356
275
$1,325,000
2019
435
459
418
1,312
262
$1,354,500
2020
448
487
457
1,392
350
$1,419,812
2021
386
357
307
1,050
267
$1,950,000

If the number of listings between June-August is usually around 1,350, we are 22% below that this year.

Yet the number of August sales is about normal. But the 37% YoY increase in the median sales price suggests that the demand is not only strong but that we’d have more sales if there were just more listings!

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