Inventory Watch

July 29, 2024

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Another 38 NSDCC closings in the last week, making for 170 sales in July so far.

But the number of pendings isn’t reloading as fast, in spite of plenty of houses for sale. The count hasn’t been this low since mid-March, and there’s not much reason to think it’s going anywhere but down from here for the rest of 2024.

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
May 20	25	$939/sf	20	18
May 27	24	$897/sf	25	20
Jun 3	22	$879/sf	25	19
Jun 10	25	$834/sf	26	19
Jun 17	21	$823/sf	31	21
Jun 24	24	$752/sf	32	24
Jul 1	23	$760/sf	44	26
Jul 8	22	$801/sf	40	23
Jul 15	22	$815/sf	36	23
Jul 22	17	$814/sf	43	23
Jul 29	24	$815/sf	33	14

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
May 20	47	$965/sf	24	38
May 27	47	$965/sf	30	40
Jun 3	53	$1,006/sf	32	36
Jun 10	61	$942/sf	30	36
Jun 17	62	$909/sf	30	37
Jun 24	62	$909/sf	28	40
Jul 1	70	$883/sf	30	43
Jul 8	67	$925/sf	30	47
Jul 15	70	$888/sf	31	51
Jul 22	61	$858/sf	35	46
Jul 29	57	$859/sf	38	50

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
May 20	93	$1,049/sf	39	46
May 27	92	$1,053/sf	39	47
Jun 3	105	$1,025/sf	41	43
Jun 10	105	$1,035/sf	40	53
Jun 17	107	$1,002/sf	36	51
Jun 24	118	$1,034/sf	35	58
Jul 1	111	$1,013/sf	37	59
Jul 8	111	$1,019/sf	41	58
Jul 15	120	$1,014/sf	43	47
Jul 22	124	$972/sf	41	47
Jul 29	124	$974/sf	41	40

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
May 20	78	$1,298/sf	63	24
May 27	79	$1,267/sf	66	26
Jun 3	75	$1,272/sf	65	26
Jun 10	81	$1,248/sf	62	26
Jun 17	89	$1,195/sf	59	28
Jun 24	84	$1,229/sf	61	33
Jul 1	87	$1,227/sf	62	31
Jul 8	77	$1,278/sf	68	33
Jul 15	91	$1,263/sf	63	31
Jul 22	82	$1,272/sf	68	31
Jul 29	84	$1,221/sf	67	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
May 20	193	$1,734/sf	81	45
May 27	202	$1,716/sf	78	46
Jun 3	203	$1,694/sf	74	43
Jun 10	206	$1,716/sf	70	43
Jun 17	204	$1,666/sf	68	41
Jun 24	208	$1,678/sf	68	44
Jul 1	213	$1,673/sf	70	35
Jul 8	212	$1,674/sf	72	29
Jul 15	217	$1,637/sf	73	26
Jul 22	218	$1,633/sf	77	32
Jul 29	221	$1,626/sf	80	32

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
May 20	67	26	429	171
May 27	57	36	435	179
Jun 3	55	26	449	166
Jun 10	77	40	469	175
Jun 17	64	37	474	175
Jun 24	78	29	489	192
Jul 1	51	38	496	188
Jul 8	41	37	479	184
Jul 15	52	29	509	172
Jul 22	43	42	495	172
Jul 29	50	23	503	156

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
May 20	$2,420,000	$3,750,000	$6,480,000
May 27	$2,495,000	$3,840,000	$6,695,000
Jun 3	$2,475,000	$3,749,000	$6,395,000
Jun 10	$2,388,000	$3,500,000	$6,187,000
Jun 17	$2,412,500	$3,599,500	$5,995,000
Jun 24	$2,350,000	$3,500,000	$6,398,000
Jul 1	$2,398,000	$3,600,000	$6,400,000
Jul 8	$2,399,000	$3,650,000	$6,500,000
Jul 15	$2,399,999	$3,500,000	$6,398,000
Jul 22	$2,399,000	$3,695,000	$6,398,000
Jul 29	$2,375,000	$3,650,000	$6,187,000