Impressive momentum to wrap up the year, with almost half of the buyers feeling the need to pay over list:
NSDCC Detached-Home Sales, % Closed Over List Price
Have the higher-end buyers figured it out that paying over list could be a ruse though?
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 December sales were a little soft, historically, but the inventory has been decimated:
NSDCC December Sales
NSDCC Average and Median Prices
The median list price dropped and the median sales price went up!
The median sales price is 9% higher than the median list price!
The average LP and SP were almost identical for the second month in a row.