Another believer in the lock-in effect.

The drop in percentages is 8.5% over two years, which sounds like a full-blown liquidation event if you ask me. These are national stats so those in the more-reasonably priced areas and/or areas that didn’t appreciate much lately probably wouldn’t care as much about losing their low rate.

One of these years, there is going to be a real surge of inventory. Next year? I say probable.

NSDCC Total Number of Listings, Jan 1 – Sep 30

2018: 3,998

2019: 3,969

2020: 3,714

2021: 3,254

2022: 2,570

2023: 2,137

2024: 2,445

This year has had +14% more listings than last year, so hopefully we’re past the bottom.

Who is rooting for 3,000-ish for the selling season next year? Besides me! 😆