We knew at the beginning of June that we wouldn’t get to 200 sales, just by the number of pendings:

NSDCC June Listings and Sales

Year
# of Listings
# of Sales
L/S
2015
527
340
1.55
2016
513
312
1.64
2017
416
360
1.56
2018
476
299
1.59
2019
435
282
1.54
2020
448
274
1.64
2021
386
357
1.08
2022
301
170
1.77

Our precipitous drop in the number of listings has to be considered when examining the current market conditions – and not only are there fewer listings than ever, but the quality of the homes coming to market is on the lower end. People are hanging on to the best homes!

After rates and prices have doubled, if you are going to buy a home now, you want to hold out for a good one! Yet we have fewer quality choices than ever before.

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