Yesterday we saw how the NSDCC active listings shot up from 224 to 256 in one week!
The count was at 190 just a month ago.
But to keep it in perspective, let’s compare it to previous years:
NSDCC Active & Pending Listings, First Week of May
It is a startling change in the marketplace when choices are so few. But relative to the corresponding number of pendings, the health of the market looks fine, in spite of much-higher pricing.
(We’ve considered a 2:1 ratio between actives and pendings to be a healthy market)
We hoped there would be a surge of new listings in 2022 as the pandemic winds down, but it’s not happening. Here are the total counts of new listings in the first third of the year:
NSDCC New Listings, January-April
The monthly counts this year are 221 listings in January, 215 in February, 279 in March, and 266 in April. Fewer listings in April, than in March? No wonder the median list price is 32% higher this year than last!