Momentum going into 2022 is strong, given that the Over List percentage has gone up the last two months:
NSDCC Detached-Home Sales, % Closed Over List Price
The higher-end market had some bounce-back too:
Percentage Of Sales Over List Price by Price Range
|$0 – $1.0M|
|$1.0M – $1.5M|
|$1.5M – $2.0M|
|$2.0M – $3.0M|
The November sales were down 35% from last year, but the red-hot market of late-2020 is to blame. This year, the sales were more in line with previous Novembers:
NSDCC November Sales
NSDCC Average and Median Prices
The median sales price went up 11% in one month, and is $101,000 higher than the median list price!
The median sales price is 19% higher than it was in February, which was ten months ago.