The graph above is boring this time of year, so I added my predictions in the lighter colors. I’m figuring that the Fed will be relentless and the higher rates in the second half of the year will cause the pricing gap between sellers and buyers to be tougher to bridge.
It’s because there will be some decent sales in April and May that keep sellers optimistic that the perfect buyers are coming tomorrow….or next week….or well, heck, let’s just wait until 2024.
Here is the graph from last year:
For our contest participants, there are 120 new listings this month – and we’ve had 36 new listings every week for the last three weeks. It means our contest should wind up around 170-180 listings?
The $0 – $1,500,000 Market:
| Date | ||||
| Jan 2, 2023 | ||||
| Jan 9 | ||||
| Jan 16 | ||||
| Jan 23 |
The $1,500,000 – $2,000,000 Market:
| Date | ||||
| Jan 2, 2023 | ||||
| Jan 9 | ||||
| Jan 16 | ||||
| Jan 23 |
The $2,000,000 – $3,000,000 Market:
| Date | ||||
| Jan 2, 2023 | ||||
| Jan 9 | ||||
| Jan 16 | ||||
| Jan 23 |
The $3,000,000 – $4,000,000 Market:
| Date | ||||
| Jan 2, 2023 | ||||
| Jan 9 | ||||
| Jan 16 | ||||
| Jan 23 |
The $4,000,000+ Market:
| Date | ||||
| Jan 2, 2023 | ||||
| Jan 9 | ||||
| Jan 16 | ||||
| Jan 23 |
NSDCC Weekly New Listings and New Pendings
| Week | ||||
| Jan 2, 2023 | ||||
| Jan 9 | ||||
| Jan 16 | ||||
| Jan 23 |
For previous years, click here:
Feeling good about my 186.
Seriously. I’m thinking out loud here. There are a lot of 55+ empty nesters who are now seeing the possibility of year plus listing times. Why not list while getting the property ready? Test the market for an overpriced fixer until the fixing justifies the price? What do you think?
Generally, the resistance to doing all the work is extremely high. Sellers want to a la carte the list, and leave off the expensive items.
Yet if you don’t do it all, you might as well not do any and just sell it as is.