
Potential home sellers have been believing that 2023 isn’t a good time to sell a home, and the media is feeding that perception. Our local market will probably keep fading away for the rest of the year, though let’s review my two rules of thumb about when is the best time to sell:
The Best Time To Sell A Home
- When you have good supportive comps around you.
- When no one else is selling.
Both are probably happening around you right now!
At some point, a few boomers near you could go out feet first, causing their heirs to blow into town and liquidate the estate. If you have a sense that might happen on your street, selling now before potentially lower comps happen is a smart idea. Besides, selling your home will be just as fruitful now as it will be in 2024 – how much higher can prices go up in the next six months?
Let’s go!
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 |
Jun 12 |
17 |
$711/sf |
31 |
32 |
Jun 19 |
16 |
$674/sf |
34 |
33 |
Jun 26 |
20 |
$677/sf |
32 |
29 |
Jul 3 |
21 |
$645/sf |
28 |
33 |
Jul 10 |
23 |
$692/sf |
30 |
32 |
Jul 17 |
21 |
$730/sf |
37 |
30 |
Jul 24 |
21 |
$704/sf |
37 |
32 |
Jul 31 |
21 |
$713/sf |
44 |
27 |
Aug 7 |
22 |
$692/sf |
50 |
25 |
Aug 14 |
24 |
$693/sf |
48 |
24 |
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 |
Jun 12 |
37 |
$754/sf |
37 |
32 |
Jun 19 |
36 |
$779/sf |
35 |
35 |
Jun 26 |
39 |
$766/sf |
34 |
36 |
Jul 3 |
39 |
$776/sf |
41 |
40 |
Jul 10 |
45 |
$780/sf |
37 |
39 |
Jul 17 |
53 |
$807/sf |
29 |
36 |
Jul 24 |
51 |
$787/sf |
32 |
38 |
Jul 31 |
51 |
$763/sf |
30 |
39 |
Aug 7 |
45 |
$750/sf |
36 |
39 |
Aug 14 |
42 |
$739/sf |
38 |
39 |
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 |
Jun 12 |
82 |
$986/sf |
48 |
45 |
Jun 19 |
90 |
$978/sf |
48 |
33 |
Jun 26 |
90 |
$1,015/sf |
49 |
33 |
Jul 3 |
92 |
$1,019/sf |
49 |
36 |
Jul 10 |
89 |
$1,021/sf |
50 |
44 |
Jul 17 |
97 |
$1,013/sf |
48 |
42 |
Jul 24 |
91 |
$1,010/sf |
48 |
42 |
Jul 31 |
81 |
$999/sf |
56 |
52 |
Aug 7 |
81 |
$1,011/sf |
53 |
49 |
Aug 14 |
76 |
$996/sf |
58 |
48 |
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 |
Jun 12 |
64 |
$1,198/sf |
53 |
18 |
Jun 19 |
67 |
$1,184/sf |
54 |
20 |
Jun 26 |
66 |
$1,204/sf |
58 |
25 |
Jul 3 |
63 |
$1,215/sf |
58 |
22 |
Jul 10 |
72 |
$1,204/sf |
59 |
23 |
Jul 17 |
79 |
$1,173/sf |
64 |
22 |
Jul 24 |
78 |
$1,182/sf |
63 |
23 |
Jul 31 |
69 |
$1,181/sf |
66 |
22 |
Aug 7 |
72 |
$1,214/sf |
65 |
19 |
Aug 14 |
65 |
$1,224/sf |
67 |
26 |
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 |
Jun 12 |
163 |
$1,777/sf |
106 |
24 |
Jun 19 |
166 |
$1,779/sf |
102 |
26 |
Jun 26 |
179 |
$1,758/sf |
98 |
29 |
Jul 3 |
184 |
$1,670/sf |
91 |
39 |
Jul 10 |
192 |
$1,653/sf |
92 |
42 |
Jul 17 |
187 |
$1,666/sf |
94 |
47 |
Jul 24 |
185 |
$1,668/sf |
98 |
49 |
Jul 31 |
184 |
$1,653/sf |
102 |
51 |
Aug 7 |
178 |
$1,639/sf |
101 |
51 |
Aug 14 |
182 |
$1,625/sf |
106 |
45 |
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 |
Jun 12 |
52 |
36 |
357 |
146 |
Jun 19 |
48 |
30 |
369 |
143 |
Jun 26 |
65 |
26 |
391 |
148 |
Jul 3 |
60 |
48 |
394 |
166 |
Jul 10 |
51 |
34 |
415 |
176 |
Jul 17 |
55 |
28 |
430 |
173 |
Jul 24 |
37 |
43 |
419 |
184 |
Jul 31 |
48 |
44 |
399 |
187 |
Aug 7 |
43 |
32 |
390 |
181 |
Aug 14 |
36 |
24 |
384 |
178 |
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 |
Jun 12 |
$2,499,900 |
$3,799,999 |
$6,496,000 |
Jun 19 |
$2,495,000 |
$3,750,000 |
$6,497,000 |
Jun 26 |
$2,450,000 |
$3,799,000 |
$6,495,000 |
Jul 3 |
$2,479,000 |
$3,891,500 |
$6,235,000 |
Jul 10 |
$2,468,000 |
$3,900,000 |
$5,998,985 |
Jul 17 |
$2,350,000 |
$3,669,000 |
$5,949,000 |
Jul 24 |
$2,399,000 |
$3,799,999 |
$5,995,000 |
Jul 31 |
$2,395,000 |
$3,888,000 |
$6,245,000 |
Aug 7 |
$2,492,000 |
$3,895,000 |
$6,345,000 |
Aug 14 |
$2,495,000 |
$3,995,000 |
$6,499,000 |