Inventory Watch

During the frenzy, the market had waves of new pendings happen in the same week or two, as if there is a home-buying karma that sweeps a bunch of buyers into action at the same time. It’s probably more due to them digesting the new listings, and after a couple of weeks of 2024, it appears buyers are acting!

The NSDCC pendings count rose from 102 to 122 this week, a 20% pop!

In the graph above, you can see that last year the market was cooking by mid-February. When the actives and pending are stable, it means that the deals are closing as fast as the new listings are coming on!

Here is the history from the last few years:

2023:

2022:

2021:

2019/2020:

The $0 – $1,500,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2024	15	$724/sf	49	23
Jan 8	13	$645/sf	58	19
Jan 15	10	$664/sf	55	15
Jan 22	15	$750/sf	36	15

The $1,500,000 – $2,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2024	20	$866/sf	66	28
Jan 8	23	$890/sf	63	23
Jan 15	32	$876/sf	47	35
Jan 22	35	$823/sf	43	25

The $2,000,000 – $3,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2024	54	$1,046/sf	65	34
Jan 8	59	$1,034/sf	57	30
Jan 15	69	$1,094/sf	44	35
Jan 22	60	$1,108/sf	42	45

The $3,000,000 – $4,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2024	33	$1,216/sf	92	15
Jan 8	37	$1,248/sf	83	15
Jan 15	42	$1,236/sf	77	18
Jan 22	43	$1,283/sf	77	17

The $4,000,000+ Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2024	139	$1,858/sf	116	20
Jan 8	151	$1,896/sf	109	18
Jan 15	157	$1,879/sf	106	22
Jan 22	159	$1,824/sf	104	27

NSDCC Weekly New Listings and New Pendings

Week	New Listings	New Pendings	Total Actives	Total Pendings
Jan 2, 2024	18	10	255	113
Jan 8	43	12	278	100
Jan 15	52	20	305	102
Jan 22	50	29	308	122

NSDCC List Price Quartiles

Week	1st Quartile	Median List Price	3rd Quartile
Jan 2, 2024	$2,549,888	$4,444,000	$8,350,000
Jan 8	$2,572,444	$4,447,000	$8,097,500
Jan 15	$2,499,000	$4,200,000	$7,950,000
Jan 22	$2,429,000	$4,250,000	$7,450,000