Inventory Watch

by | Jan 30, 2023 | Inventory | 1 comment

Thirty days into the new year and I have no concerns about the market – other than the nagging low inventory. As recently as 2019, we had 419 listings in January, and this month we won’t get half that many!

Things are improving on schedule – the actives’ count is growing (needed), and the pendings are up 38%:

NSDCC Active & Pending Listings on Jan 2 and on Jan 30

Price Range
NSDCC Actives & Pendings, Jan 2
NSDCC Actives & Pendings, Jan 30
0 – $1.5M
22/15
23/25
$1.5M – $2.0M
45/18
40/34
$2.0M – $3.0M
52/30
54/34
$3.0M – $4.0M
29/6
37/6
$4.0M+
121/21
120/30
Totals
263/89
272/123

For our contest participants, there have been 159 new listings this month. It means our contest should wind up around 180-190 listings, which is a little higher than expected (the median guess was 160).

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The $0 – $1,500,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 2, 2023
22
$719/sf
75
15
Jan 9
26
$687/sf
50
14
Jan 16
23
$701/sf
52
20
Jan 23
25
$751/sf
60
21
Jan 30
23
$788/sf
45
25

The $1,500,000 – $2,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 2, 2023
45
$809/sf
60
18
Jan 9
55
$828/sf
53
19
Jan 16
46
$838/sf
53
30
Jan 23
43
$793/sf
52
31
Jan 30
40
$778/sf
54
34

The $2,000,000 – $3,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 2, 2023
52
$869/sf
69
30
Jan 9
57
$940/sf
66
31
Jan 16
50
$948/sf
61
36
Jan 23
51
$949/sf
58
35
Jan 30
54
$964/sf
55
34

The $3,000,000 – $4,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 2, 2023
29
$1,236/sf
85
6
Jan 9
29
$1,180/sf
80
5
Jan 16
31
$1,196/sf
73
8
Jan 23
33
$1,201/sf
71
7
Jan 30
37
$1,218/sf
70
6

The $4,000,000+ Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 2, 2023
121
$1,744/sf
126
21
Jan 9
119
$1,716/sf
123
20
Jan 16
120
$1,761/sf
121
26
Jan 23
122
$1,707/sf
119
27
Jan 30
120
$1,680/sf
121
30

NSDCC Weekly New Listings and New Pendings

Week
New Listings
New Pendings
Total Actives
Total Pendings
Jan 2, 2023
11
6
263
89
Jan 9
36
15
277
88
Jan 16
36
34
266
114
Jan 23
36
22
269
116
Jan 30
32
25
272
123

NSDCC Weekly LP Quartiles

 

Week
1st Quartile
2nd Quartile (Median LP)
3rd Quartile
Jan 2, 2023
$2,095,000
$3,695,000
$5,995,000
Jan 9
$1,990,000
$3,495,000
$5,775,000
Jan 16
$2,000,000
$3,574,000
$5,995,000
Jan 30
$2,099,000
$3,595,000
$5,999,000

For previous years, click here:

https://www.bubbleinfo.com/category/inventory/

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