Inventory Watch

Written by Jim the Realtor

February 24, 2025

I counted 32 NSDCC houses for sale on the Compass private exclusives list that aren’t on the MLS. They aren’t well-organized – just a one-liner list for the whole county – and they are mostly homes being prepared for market, or tenant-occupied, or old listings that are taking a breather. Photos and remarks are optional, and there isn’t any push from management to actually be selling them off-market.

But it they were actively on the market, the NSDCC inventory count today would be 406 which is where I thought we would be by the end of February.

NSDCC Detached-Home Listings Between Jan. 1 and Feb. 20th

2019: 662

2020: 620

2021: 517

2022: 384

2023: 334

2024: 399

2025: 429 (+8% YoY so far)

This year’s count will continue to grow as new listings taken before the 20th keep hitting the open market over the next week or two. There only needs to be 30 more to reach the +15% mark, and if you want to add the private exclusives then we are already there.

Hard to belive that Saturday is March 1st. This is prime selling season!

The $0 – $2,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 6, 2025
43
$918/sf
63
27
Jan 13
45
$936/sf
53
22
Jan 20
47
$908/sf
54
25
Jan 27
48
$904/sf
48
32
Feb 3
51
$914/sf
47
41
Feb 10
45
$935/sf
46
45
Feb 17
45
$916/sf
46
46
Feb 24
45
$958/sf
48
40

The $2,000,000 – $3,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 6, 2025
55
$1,029/sf
66
36
Jan 13
58
$990/sf
63
31
Jan 20
64
$1,018/sf
57
26
Jan 27
64
$1,025/sf
53
31
Feb 3
71
$1,009/sf
50
31
Feb 10
75
$1,005/sf
46
36
Feb 17
81
$1,015/sf
44
39
Feb 24
80
$1,012/sf
38
52

The $3,000,000 – $4,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 6, 2025
44
$1,091/sf
82
19
Jan 13
46
$1,122/sf
77
19
Jan 20
52
$1,156/sf
70
16
Jan 27
49
$1,197/sf
67
20
Feb 3
56
$1,182/sf
55
21
Feb 10
58
$1,158/sf
51
25
Feb 17
58
$1,179/sf
54
24
Feb 24
56
$1,168/sf
52
24

The $4,000,000+ Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 6, 2025
160
$1,822/sf
105
27
Jan 13
156
$1,868/sf
105
31
Jan 20
170
$1,936/sf
95
29
Jan 27
180
$1,877/sf
90
31
Feb 3
189
$1,884/sf
85
31
Feb 10
189
$1,864/sf
88
29
Feb 17
192
$1,875/sf
90
32
Feb 24
195
$1,869/sf
91
34

NSDCC Weekly New Listings and New Pendings

Week
New Listings
New Pendings
Total Actives
Total Pendings
Jan 6
27
11
298
108
Jan 13
38
26
301
101
Jan 20
55
16
328
95
Jan 27
60
32
337
113
Feb 3
72
28
363
123
Feb 10
50
34
364
135
Feb 17
50
29
373
140
Feb 24
58
38
374
148

NSDCC List Price Quartiles

Week
1st Quartile
Median List Price
3rd Quartile
Jan 6
$2,685,000
$4,472,500
$7,995,000
Jan 13
$2,499,000
$4,250,000
$7,750,000
Jan 20
$2,695,000
$4,300,000
$7,767,000
Jan 27
$2,795,000
$4,498,000
$7,995,000
Feb 3
$2,695,000
$4,350,000
$7,499,000
Feb 10
$2,799,000
$4,299,000
$7,695,000
Feb 17
$2,695,000
$4,200,000
$7,750,000
Feb 24
$2,699,500
$4,250,000
$7,645,000

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Jim Klinge
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