Even with the list prices reflecting massively-inflated values, nearly half of the homebuyers felt the need to pay over the list price lately:
NSDCC Detached-Home Sales, % Closed Over List Price
January: 38%
February: 43%
March: 53%
April: 55%
May: 54%
June: 59%
July: 64%
August: 55%
September: 41%
October: 45%
November: 48%
December: 48%
January: 49%
There were another 15% who paid full price in January, so almost two-thirds paid all the money. There were 16 listings that sold with zero days on market too.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Percentage Of Sales Over List Price by Price Range
Price Range | |||||||||||
$0 – $1.0M | |||||||||||
$1.0M – $1.5M | |||||||||||
$1.5M – $2.0M | |||||||||||
$2.0M – $3.0M | |||||||||||
$3M+ |
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The January sales were a little soft, historically, but the inventory has been decimated:
NSDCC January Sales
2017: 174
2018: 149
2019: 150
2020: 182
2021: 187
2022: 140
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
NSDCC Average and Median Prices
Month | |||||
Feb | |||||
March | |||||
April | |||||
May | |||||
June | |||||
July | |||||
Aug | |||||
Sept | |||||
Oct | |||||
Nov | |||||
Dec | |||||
Jan |
The average sales price went up 7% MoM.
The median sales price went up 4% MoM.
The local pricing flattened out last summer, only to be revived over the last three months.
It should be a crazy spring – probably the craziest ever!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~