We are right back into frenzy mode with more than a quarter of last month’s sales closing over their list price. Was it required to win the home? Or has paying over the list price become more of a badge of honor for today’s buyers?
To complicate it further, look at the transitory nature of the market:
House sales closed for $100,000 or more OVER the list price: 20
House sales closed for $100,000 or more UNDER the list price: 51
The healthiest sign of all is that the number of sales jumped up nicely! The regular pricing metric has been on the rise too but that doesn’t mean much:
NSDCC Average and Median Prices by Month
Of the 385 NSDCC houses sold this year, NONE of them closed under $1,000,000.