Historically, when home prices went up, more people would list their house for sale to cash in. But now it's the opposite: NSDCC Number of Detached-Home Listings Jan 1 to Oct 31 Year # of Listings % YoY diff Median LP % YoY diff 2018 4,404 - $1,499,000 - 2019 4,341...
The percentage change in Active Listings between the first week of October and mid-November: 2018: -3% 2019: -11% 2020: -12% 2021: -18% 2022: -0- 2023: -4% It looks like the sellers are hanging around a while longer to see if November might be their lucky month. Only...
Though the industry is reeling from the controversial lawsuit verdict last week, new listings and new sales keep happening every day - people want and need to move, thankfully. We are too close to the end of the year to have any violent swings in the market. Anything...
How does the current inventory of homes for sale compare to previous counts? NSDCC Active Inventory, Last Week of October: 2016: 962 2017: 805 2018: 1,000 2019: 909 2020: 590 2021: 277 2022: 399 2023: 371 They say you can't predict the future, but let's give it a go....
The NSDCC median list price has been around $3,995,000 all year, and has been stuck there for the last three months. Homes listed above $4,000,000 tend to be custom homes which are harder to price, and their sellers tend to be more affluent and will want to test the...
Recently the president of the local association of realtors was asked what the real estate market will do in the future. His response: "Nobody knows what the market is going to do in the future". Of course, immediately after that comment he said, "Interest rates have...
We have plunging sales mostly due to plunging inventory! The supply and demand has plunged at the same time, and there is no way to know that if the inventory were to grow, would there be enough buyers to soak it up? Today's inventory is full of the leftovers that...
We're down to 127 pending escrows, and with the current events getting more negative every day, the local real estate action should quiet down considerably for the rest of the year. The $0 – $1,500,000 Market: Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of...
By the end of last year, the active-listing count was down to 288, so there should be a steady decline over the next three months - with more sellers cancelling their listing than selling. The pricing ride through 2023 has been bumpy - and the similarities today to...
Most people - especially agents - are experiencing a tough year for real estate sales. How tough is it? Here is how the numbers looked a year ago - they are about the same: It means that the current market conditions will probably extend well into next year, or...
