Inventory Watch – Rates

Written by Jim the Realtor

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June 24, 2013

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The last period had 73 new listings, and 66 new pendings.

In the last week we had a 100:69 mix of new and pending listings, which should begin a trend that’s closer to the more-normal 2:1 ratio, as more sellers sense the opportunity:

The UNDER-$1,200,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	DOM	Avg SF
April 29	201	$384/sf	36	2,599sf
May 5	195	$381/sf	36	2,633sf
May 9	207	$387/sf	35	2,624sf
May 18	241	$397/sf	33	2,566sf
May 23	236	$397/sf	34	2,529sf
May 30	230	$391/sf	35	2,591sf
June 5	229	$393/sf	35	2,577sf
June 11	239	$390/sf	34	2,569sf
June 17	246	$389/sf	36	2,577sf
June 24	255	$397/sf	36	2,535sf

The OVER-$1,200,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	DOM	Avg SF
April 29	620	$806/sf	94	5,183sf
May 5	606	$806/sf	93	5,223sf
May 9	628	$808/sf	93	5,150sf
May 18	653	$807/sf	92	5,161sf
May 23	661	$814/sf	92	5,141sf
May 30	659	$805/sf	95	5,222sf
June 5	663	$794/sf	96	5,185sf
June 11	672	$779/sf	96	5,163sf
June 17	661	$787/sf	99	5,164sf
June 24	679	$791/sf	98	5097sf