It would be natural to expect the number of active listings to be declining by now, but sellers are still hopeful. Of the 470 actives, there are 113 of them that have been on the market for 90+ days too (24%).
Those don’t have much chance of selling this year without a drastic price reduction, so we should see them again next year. Let’s expect about 100+ more listings than last year to carry over into 2025, which will be my first category of why I think there will be a surge of inventory in the next selling season!
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 |
Aug 5 |
23 |
$771/sf |
29 |
18 |
Aug 12 |
22 |
$787/sf |
36 |
23 |
Aug 19 |
24 |
$773/sf |
28 |
27 |
Aug 26 |
24 |
$760/sf |
27 |
24 |
Sep 2 |
28 |
$767/sf |
24 |
18 |
Sep 9 |
27 |
$803/sf |
28 |
21 |
Sep 16 |
32 |
$808/sf |
27 |
19 |
Sep 23 |
37 |
$791/sf |
24 |
17 |
Sep 30 |
31 |
$892/sf |
29 |
23 |
Oct 7 |
36 |
$836/sf |
28 |
18 |
Oct 14 |
34 |
$818/sf |
30 |
20 |
Oct 21 |
36 |
$834/sf |
32 |
20 |
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 |
Aug 5 |
56 |
$892/sf |
37 |
41 |
Aug 12 |
62 |
$895/sf |
39 |
40 |
Aug 19 |
67 |
$879/sf |
36 |
36 |
Aug 26 |
62 |
$899/sf |
39 |
41 |
Sep 2 |
52 |
$912/sf |
41 |
41 |
Sep 9 |
53 |
$889/sf |
37 |
37 |
Sep 16 |
50 |
$877/sf |
39 |
35 |
Sep 23 |
55 |
$902/sf |
37 |
33 |
Sep 30 |
61 |
$894/sf |
37 |
32 |
Oct 7 |
67 |
$899/sf |
37 |
32 |
Oct 14 |
65 |
$889/sf |
42 |
34 |
Oct 21 |
65 |
$880/sf |
40 |
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 |
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 |
Aug 5 |
117 |
$978/sf |
43 |
44 |
Aug 12 |
114 |
$964/sf |
45 |
42 |
Aug 19 |
112 |
$982/sf |
45 |
43 |
Aug 26 |
107 |
$957/sf |
42 |
47 |
Sep 2 |
102 |
$945/sf |
44 |
49 |
Sep 9 |
101 |
$965/sf |
45 |
51 |
Sep 16 |
103 |
$982/sf |
43 |
50 |
Sep 23 |
99 |
$986/sf |
44 |
58 |
Sep 30 |
108 |
$984/sf |
44 |
42 |
Oct 7 |
103 |
$1,006/sf |
44 |
47 |
Oct 14 |
96 |
$979/sf |
49 |
49 |
Oct 21 |
104 |
$993/sf |
50 |
46 |
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 |
Aug 5 |
80 |
$1,180/sf |
71 |
22 |
Aug 12 |
80 |
$1,196/sf |
70 |
24 |
Aug 19 |
80 |
$1,145/sf |
45 |
26 |
Aug 26 |
80 |
$1,118/sf |
44 |
22 |
Sep 2 |
81 |
$1,144/sf |
47 |
23 |
Sep 9 |
84 |
$1,143/sf |
46 |
23 |
Sep 16 |
84 |
$1,168/sf |
47 |
23 |
Sep 23 |
88 |
$1,141/sf |
49 |
21 |
Sep 30 |
83 |
$1,159/sf |
52 |
21 |
Oct 7 |
89 |
$1,159/sf |
51 |
21 |
Oct 14 |
85 |
$1,223/sf |
56 |
25 |
Oct 21 |
86 |
$1,225/sf |
52 |
29 |
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 |
Aug 5 |
222 |
$1,627/sf |
83 |
27 |
Aug 12 |
217 |
$1,624/sf |
81 |
25 |
Aug 19 |
209 |
$1,633/sf |
83 |
33 |
Aug 26 |
209 |
$1,617/sf |
85 |
37 |
Sep 2 |
207 |
$1,623/sf |
82 |
39 |
Sep 9 |
204 |
$1,662/sf |
85 |
38 |
Sep 16 |
201 |
$1,658/sf |
86 |
37 |
Sep 23 |
200 |
$1,668/sf |
87 |
38 |
Sep 30 |
192 |
$1,638/sf |
89 |
42 |
Oct 7 |
189 |
$1,619/sf |
90 |
44 |
Oct 14 |
194 |
$1,614/sf |
88 |
39 |
Oct 21 |
186 |
$1,624/sf |
94 |
34 |
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 |
Aug 5 |
52 |
40 |
492 |
148 |
Aug 12 |
49 |
38 |
489 |
150 |
Aug 19 |
63 |
29 |
486 |
162 |
Aug 26 |
56 |
38 |
477 |
167 |
Sep 2 |
56 |
33 |
465 |
167 |
Sep 9 |
34 |
27 |
463 |
168 |
Sep 16 |
53 |
33 |
465 |
163 |
Sep 23 |
54 |
29 |
475 |
166 |
Sep 30 |
50 |
39 |
470 |
158 |
Oct 7 |
45 |
30 |
477 |
160 |
Oct 14 |
34 |
33 |
471 |
163 |
Oct 21 |
45 |
28 |
470 |
160 |
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 |
Aug 5 |
$2,350,000 |
$3,699,500 |
$6,295,000 |
Aug 12 |
$2,349,000 |
$3,650,000 |
$5,995,000 |
Aug 19 |
$2,315,000 |
$3,595,000 |
$5,995,000 |
Aug 26 |
$2,299,999 |
$3,649,000 |
$5,999,000 |
Sep 2 |
$2,350,000 |
$3,698,000 |
$6,495,000 |
Sep 9 |
$2,300,000 |
$3,700,000 |
$6,495,000 |
Sep 16 |
$2,345,000 |
$3,695,000 |
$6,250,000 |
Sep 23 |
$2,299,000 |
$3,600,000 |
$6,475,000 |
Sep 30 |
$2,297,000 |
$3,495,000 |
$6,099,000 |
Oct 7 |
$2,200,000 |
$3,490,000 |
$5,900,000 |
Oct 14 |
$2,250,000 |
$3,500,000 |
$6,295,000 |
Oct 21 |
$2,262,500 |
$3,495,000 |
$5,997,000 |
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
> 113 of [active listings] have been on the market for 90+ days too (24%).
So three or at least two price reductions right? What part of the lack of interest in the first 6 weeks isn’t proof of priced incorrectly?
Only 19 of the 113 (17%) have lowered their price by more than 10%.
There are 52 of the 113 (46%) that haven’t changed their price at all.
(Not counting any refreshed listings)
They’re not going to give it away!
But at least nobody raised their price! 😆
Did you catch my quartile prices?
The unsolds aren’t budging.
What is the benefit of knowing what your house isn’t worth? Why don’t people adjust?