Much like in the last presidential election cycle of 2012, the November, 2016 sales were high, and led to a frenzied selling season the following spring (we had 4% more NSDCC sales in 1H17 than in 1H16). But sales were solid last month too, which hopefully means Spring 2018 will be lively.
NSDCC November Sales
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This is only one-month’s worth of data, but these stats suggest that pricing may have topped off, and we’re finding an equilibrium. The average $$/sf and median sales price from last month are closer to those from 2015 than 2016.
It’s interesting that the median days-on-market is almost half of what it was five years ago! There’s not much hesitation in buyers these days.
I removed the duplicate CRMLS listings this time. There were six from last year, but only one in this year’s count.
It is a shame that we can’t ditch the crappy Sandicor MLS and have CRMLS be our provider. You can bet that they don’t have duplicate listings in their stats.
P.S. The median days-on market is 15 days for the 22,192 houses sold in SD County this year!