Inventory Watch

by | Jun 5, 2023 | Inventory | 1 comment

Today, we have the highest number of active listings of the year, and the lowest number of pendings since the first week of February. There were only 17 new pendings since last Monday, which is the lowest weekly total since the beginning of January.

Were buyers on vacation? Graduations? Or just dissatisfied with the current offerings?

{#Yes}

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
Feb 6
18
$750/sf
59
24
Feb 13
18
$770/sf
48
26
Feb 20
17
$778/sf
49
26
Feb 27
18
$802/sf
48
23
Mar 6
22
$802/sf
44
14
Mar 13
22
$747/sf
45
16
Mar 20
16
$826/sf
49
21
Mar 27
17
$853/sf
47
20
Apr 3
19
$803/sf
37
20
Apr 10
11
$778/sf
53
30
Apr 17
15
$690/sf
44
27
Apr 24
12
$682/sf
33
25
May 1
11
$795/sf
35
27
May 8
14
$780/sf
33
24
May 15
16
$770/sf
37
22
May 22
21
$747/sf
45
18
May 29
20
$757/sf
52
21
Jun 5
23
$755/sf
49
20

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
Feb 6
42
$814/sf
46
30
Feb 13
35
$823/sf
51
39
Feb 20
34
$801/sf
47
40
Feb 27
27
$846/sf
33
45
Mar 6
29
$893/sf
33
41
Mar 13
32
$850/sf
33
39
Mar 20
27
$872/sf
36
41
Mar 27
22
$832/sf
39
36
Apr 3
21
$779/sf
27
36
Apr 10
22
$816/sf
26
33
Apr 17
27
$797/sf
21
33
Apr 24
28
$856/sf
31
34
Apr 24
28
$856/sf
31
34
May 1
30
$789/sf
28
36
May 8
36
$808/sf
25
37
May 15
33
$776/sf
33
44
May 22
35
$818/sf
36
44
May 29
38
$786/sf
33
40
Jun 5
39
$791/sf
34
30

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
Feb 6
60
$930/sf
51
42
Feb 13
51
$1,038/sf
52
47
Feb 20
58
$1,022/sf
47
46
Feb 27
56
$1,064/sf
52
49
Mar 6
57
$995/sf
50
50
Mar 13
55
$1,015/sf
53
47
Mar 20
50
$1,011/sf
58
50
Mar 27
54
$1,039/sf
49
47
Apr 3
54
$1,035/sf
52
38
Apr 10
55
$1,004/sf
48
42
Apr 17
64
$985/sf
47
46
Apr 24
57
$1,001/sf
43
50
May 1
57
$1,008/sf
42
45
May 8
68
$1,031/sf
36
41
May 15
71
$1,007/sf
34
39
May 22
77
$1,003/sf
34
38
May 29
74
$1,002/sf
39
43
Jun 5
77
$991/sf
42
44

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
Feb 6
34
$1,236/sf
75
12
Feb 13
43
$1,333/sf
68
11
Feb 20
39
$1,392/sf
71
18
Feb 27
37
$1,323/sf
68
22
Mar 6
49
$1,222/sf
56
20
Mar 13
49
$1,312/sf
49
22
Mar 20
46
$1,321/sf
52
25
Mar 27
50
$1,329/sf
52
25
Apr 3
49
$1,342/sf
51
23
Apr 10
50
$1,321/sf
57
24
Apr 17
47
$1,342/sf
59
26
Apr 24
49
$1,281/sf
63
28
May 1
53
$1,227/sf
62
23
May 8
55
$1,122/sf
63
19
May 15
57
$1,211/sf
59
19
May 22
59
$1,170/sf
61
19
May 29
60
$1,171/sf
60
17
Jun 5
70
$1,178/sf
55
15

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
Feb 6
125
$1,714/sf
118
28
Feb 13
121
$1,750/sf
116
32
Feb 20
129
$1,725/sf
112
33
Feb 27
124
$1,743/sf
115
31
Mar 6
122
$1,753/sf
109
28
Mar 13
120
$1,782/sf
109
32
Mar 20
129
$1,783/sf
106
28
Mar 27
127
$1,781/sf
106
27
Apr 3
131
$1,774/sf
105
27
Apr 10
136
$1,788/sf
107
24
Apr 17
140
$1,776/sf
108
27
Apr 24
141
$1,771/sf
107
31
May 1
142
$1,760/sf
105
30
May 8
140
$1,737/sf
104
32
May 15
141
$1,812/sf
107
37
May 22
145
$1,816/sf
106
29
May 29
142
$1,846/sf
110
36
Jun 5
152
$1,791/sf
107
31

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
Feb 6
46
33
275
131
Feb 13
30
35
265
150
Feb 20
43
34
274
158
Feb 27
27
30
260
165
Mar 6
45
28
276
150
Mar 13
38
38
274
154
Mar 20
39
37
265
164
Mar 27
36
25
267
153
Apr 3
37
28
271
143
Apr 10
36
39
272
151
Apr 17
47
27
291
157
Apr 24
46
41
282
167
May 1
59
31
288
159
May 8
53
26
310
151
May 15
48
31
315
157
May 22
50
24
332
145
May 29
43
37
325
154
Jun 5
43
17
352
137

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 23
$2,099,000
$3,595,000
$5,999,000
Jan 30
$2,195,000
$3,525,000
$5,942,000
Feb 6
$2,195,000
$3,598,000
$6,845,000
Feb 13
$2,300,000
$3,795,000
$6,495,000
Feb 20
$2,397,500
$3,950,000
$6,197,500
Feb 27
$2,480,800
$3,970,000
$6,845,000
Mar 6
$2,395,000
$3,749,500
$5,995,000
Mar 13
$2,397,000
$3,772,500
$5,997,000
Mar 20
$2,580,000
$3,995,000
$6,800,000
Mar 27
$2,595,000
$3,995,000
$6,845,000
Apr 3
$2,699,000
$3,995,000
$6,750,000
Apr 10
$2,799,500
$4,074,997
$6,895,000
Apr 17
$2,600,000
$3,995,000
$6,597,000
Apr 24
$2,685,000
$4,074,997
$6,895,000
May 1
$2,695,000
$3,999,000
$6,495,000
May 8
$2,525,000
$3,849,949
$5,946,000
May 15
$2,495,000
$3,749,400
$5,950,000
May 22
$2,444,000
$3,695,400
$6,000,000
May 29
$2,495,000
$3,699,000
$6,395,000
Jun 5
$2,450,000
$3,641,500
$6,000,000
author avatar
Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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1 Comment

  1. SurfRider
    SurfRider on June 5, 2023 at 9:29 am

    In my neighborhood a few sellers saw the mini-surge in April/May and listed aggressively, pricing their properties too high above the Feb/March comps – those homes have been sitting going on 3-4 weeks now. Those that listed around this time and priced their offerings right (3 of the 6) went pending pretty fast. I wonder if the rest are considering a price reduction to re-generate buyer interest?

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