The percentages of sales closed over the list price are higher than in 2021, but will it continue?
NSDCC Monthly Detached-Home Sales, % Closed Over List Price
NSDCC Average and Median Prices
The average sales price went up 7% MoM in January, 9% in February, and 8% in March!
The median sales price went up 4% MoM in January, 7% in February, and 10% in March!
THE MEDIAN SALES PRICE IN MARCH WAS 25% HIGHER THAN IT WAS IN NOVEMBER!
This is the craziest real estate market ever!!
The $1,500,000 – $2,000,000 was the hottest range in March, with 90% of sales closing over the list price.
Here are examples – the average here was 12% over the list price: