With the pendings count being flat for the last eight weeks, it means there have been as many new escrows as closings. It’s when the pendings count starts to fade that we will know the sales machine is breaking down, and there might be trouble ahead.
There has been a steady flow of new NSDCC listings hit the market (40-60 per week in 2024) which has to be encouraging for buyers. Not only are there more homes to consider, but it could also mean that it’s a little more likely that a glut could form and put some pressure on pricing. But it’s not happening yet – the number of actives has flattened out too.
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 |
| Jan 29 |
12 |
$834/sf |
36 |
21 |
| Feb 5 |
12 |
$784/sf |
38 |
23 |
| Feb 12 |
10 |
$818/sf |
30 |
22 |
| Feb 19 |
12 |
$731/sf |
17 |
21 |
| Feb 26 |
7 |
$725/sf |
26 |
21 |
| Mar 4 |
9 |
$763/sf |
23 |
21 |
| Mar 11 |
15 |
$742/sf |
14 |
17 |
| Mar 18 |
15 |
$697/sf |
16 |
21 |
| Mar 25 |
13 |
$846/sf |
19 |
22 |
| Apr 1 |
12 |
$897/sf |
22 |
20 |
| Apr 8 |
15 |
$869/sf |
37 |
22 |
| Apr 15 |
17 |
$811/sf |
16 |
25 |
| Apr 22 |
18 |
$829/sf |
16 |
23 |
| Apr 29 |
20 |
$796/sf |
20 |
23 |
| May 6 |
19 |
$868/sf |
18 |
23 |
| May 13 |
21 |
$859/sf |
18 |
22 |
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 |
| Jan 29 |
38 |
$833/sf |
43 |
26 |
| Feb 5 |
39 |
$810/sf |
34 |
28 |
| Feb 12 |
32 |
$781/sf |
39 |
34 |
| Feb 19 |
33 |
$797/sf |
36 |
29 |
| Feb 26 |
33 |
$840/sf |
36 |
31 |
| Mar 4 |
39 |
$827/sf |
32 |
31 |
| Mar 11 |
30 |
$857/sf |
43 |
37 |
| Mar 18 |
34 |
$847/sf |
36 |
37 |
| Mar 25 |
34 |
$848/sf |
43 |
43 |
| Apr 1 |
23 |
$873/sf |
42 |
47 |
| Apr 8 |
30 |
$884/sf |
37 |
47 |
| Apr 15 |
32 |
$961/sf |
36 |
43 |
| Apr 22 |
36 |
$964/sf |
31 |
37 |
| Apr 29 |
44 |
$921/sf |
25 |
33 |
| May 6 |
44 |
$921/sf |
30 |
36 |
| May 13 |
46 |
$939/sf |
25 |
34 |
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 |
| Jan 29 |
65 |
$1,126/sf |
41 |
48 |
| Feb 5 |
68 |
$1,120/sf |
31 |
50 |
| Feb 12 |
60 |
$1,123/sf |
34 |
56 |
| Feb 19 |
71 |
$1,130/sf |
29 |
56 |
| Feb 26 |
64 |
$1,138/sf |
30 |
61 |
| Mar 4 |
62 |
$1,202/sf |
33 |
55 |
| Mar 11 |
61 |
$1,211/sf |
29 |
62 |
| Mar 18 |
72 |
$1,143/sf |
32 |
53 |
| Mar 25 |
70 |
$1,101/sf |
31 |
64 |
| Apr 1 |
71 |
$1,049/sf |
31 |
63 |
| Apr 8 |
68 |
$1,076/sf |
31 |
63 |
| Apr 15 |
82 |
$1,058/sf |
33 |
55 |
| Apr 22 |
81 |
$1,066/sf |
38 |
62 |
| Apr 29 |
79 |
$1,076/sf |
34 |
64 |
| May 6 |
77 |
$1,067/sf |
35 |
56 |
| May 13 |
78 |
$1,069/sf |
38 |
58 |
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 |
| Jan 29 |
42 |
$1,242/sf |
75 |
20 |
| Feb 5 |
36 |
$1,363/sf |
73 |
25 |
| Feb 12 |
40 |
$1,252/sf |
34 |
18 |
| Feb 19 |
47 |
$1,515/sf |
45 |
17 |
| Feb 26 |
50 |
$1,512/sf |
42 |
16 |
| Mar 4 |
50 |
$1,588/sf |
44 |
19 |
| Mar 11 |
50 |
$1,594/sf |
44 |
23 |
| Mar 18 |
60 |
$1,537/sf |
38 |
22 |
| Mar 25 |
59 |
$1,614/sf |
70 |
27 |
| Apr 1 |
62 |
$1,660/sf |
76 |
26 |
| Apr 8 |
65 |
$1,479/sf |
76 |
27 |
| Apr 15 |
72 |
$1,442/sf |
70 |
26 |
| Apr 22 |
70 |
$1,462/sf |
75 |
20 |
| Apr 29 |
68 |
$1,434/sf |
75 |
25 |
| May 6 |
67 |
$1,373/sf |
70 |
26 |
| May 13 |
71 |
$1,355/sf |
68 |
25 |
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 |
| Jan 29 |
162 |
$1,758/sf |
108 |
31 |
| Feb 5 |
162 |
$1,718/sf |
108 |
30 |
| Feb 12 |
154 |
$1,705/sf |
107 |
34 |
| Feb 19 |
168 |
$1,685/sf |
107 |
24 |
| Feb 26 |
175 |
$1,691/sf |
105 |
26 |
| Mar 4 |
166 |
$1,692/sf |
97 |
36 |
| Mar 11 |
178 |
$1,663/sf |
90 |
37 |
| Mar 18 |
179 |
$1,691/sf |
90 |
29 |
| Mar 25 |
177 |
$1,693/sf |
83 |
34 |
| Apr 1 |
176 |
$1,713/sf |
87 |
31 |
| Apr 8 |
177 |
$1,771/sf |
82 |
37 |
| Apr 15 |
179 |
$1,731/sf |
88 |
40 |
| Apr 22 |
183 |
$1,733/sf |
85 |
42 |
| Apr 29 |
187 |
$1,765/sf |
81 |
42 |
| May 6 |
191 |
$1,751/sf |
83 |
42 |
| May 13 |
184 |
$1,754/sf |
84 |
47 |
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 |
| Jan 29 |
44 |
32 |
314 |
140 |
| Feb 5 |
44 |
33 |
312 |
149 |
| Feb 12 |
37 |
34 |
292 |
159 |
| Feb 19 |
53 |
24 |
326 |
143 |
| Feb 26 |
45 |
37 |
324 |
151 |
| Mar 4 |
52 |
45 |
332 |
166 |
| Mar 11 |
53 |
26 |
331 |
165 |
| Mar 18 |
62 |
32 |
355 |
159 |
| Mar 25 |
45 |
46 |
348 |
186 |
| Apr 1 |
37 |
42 |
340 |
183 |
| Apr 8 |
58 |
36 |
352 |
191 |
| Apr 15 |
58 |
29 |
378 |
184 |
| Apr 22 |
44 |
36 |
384 |
179 |
| Apr 29 |
67 |
36 |
393 |
185 |
| May 6 |
58 |
48 |
394 |
183 |
| May 13 |
47 |
34 |
395 |
186 |
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 |
| Jan 29 |
$2,399,000 |
$4,225,000 |
$7,495,000 |
| Feb 5 |
$2,398,000 |
$4,272,500 |
$7,495,000 |
| Feb 12 |
$2,499,800 |
$4,297,500 |
$7,495,000 |
| Feb 19 |
$2,499,400 |
$4,200,000 |
$6,972,500 |
| Feb 26 |
$2,649,400 |
$4,350,000 |
$7,300,000 |
| Mar 4 |
$2,525,000 |
$4,225,000 |
$7,149,500 |
| Mar 11 |
$2,649,000 |
$4,295,000 |
$7,495,000 |
| Mar 18 |
$2,500,000 |
$4,000,000 |
$6,750,000 |
| Mar 25 |
$2,680,000 |
$4,097,499 |
$6,750,000 |
| Apr 1 |
$2,785,000 |
$4,150,000 |
$6,999,999 |
| Apr 8 |
$2,680,000 |
$4,047,500 |
$6,999,000 |
| Apr 15 |
$2,570,000 |
$3,899,500 |
$6,797,500 |
| Apr 22 |
$2,499,000 |
$3,982,500 |
$6,495,000 |
| Apr 29 |
$2,399,000 |
$3,990,000 |
$6,750,000 |
| May 6 |
$2,485,000 |
$3,995,000 |
$6,825,000 |
| May 13 |
$2,475,000 |
$3,895,000 |
$6,900,000 |
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
