An interesting phenomenon that has been occurring more lately is the delay in offers being submitted. I've heard agents say it's because people are being smarter about waiting until closer to the offer deadline so the listing agents have less time to shop them around,...
Part of the problem with trying to analyze any of the current data is that there is no precedent - any previous assumptions have little or no relevance to today's market because of the lack of homes for sale. We keep hoping there is going to be a surge of new listings...
I think we can say that the statistics are starting to reflect the current environment, which is being muddled by a few factors: There are so few listings that sellers (and listing agents) are pushing the list prices....but buyers have had enough, and the inferior...
It is natural to have more closings during the last week of the month, and the dip in the pendings count wasn't as bad this month as it was last month. This is where you will see the first signs of any concern on behalf of buyers about interest rates, etc. Everyone...
The 2022 inventory is off to a slow start - and I don't expect it to improve much, in spite of record pricing: Year # of 1Q Listings Median List Price 2018 1,230 $1,592,500 2019 1,277 $1,575,000 2020 1,082 $1,712,500 2021 985 $1,899,000 2022 682 $2,575,000 The 682...
Bill says that the national inventory bottomed in the beginning of March, but locally the raging demand is picking up the additional choices. This should be a big week for closings, so we'll see how it balances out next week, but statistically the trend of pendings...
Numerically, the inventory isn't getting any better yet: NSDCC New Listings between March 1-15: 2018: 228 2019: 277 2020: 221 2021: 199 2022: 120 There will be a few more added to this year's total but the homedemic continues - without additional inventory, the market...
Bill is reporting a 3.1% increase in inventory nationally, which sounds hopeful and we can only pray that it happens here. But we were really far behind after the holidays and we're still struggling to catch up: NSDCC Inventory: March 15, 2021 - 332 Actives, 333...
The number of NSDCC active listings is 7% higher today than it was last week, which sounds good. We should see many of them go pending over the next couple of days. There were 45 closings in the last week, and the total count of pendings only dropped by ten. This...
Tomorrow is March! How did the inventory do in the first two months of 2022? NSDCC Number of New Listings, Jan 1 to Feb 28 (% priced over $2M): 2019: 779 (34%) 2020: 706 (40%) 2021: 602 (47%) 2022: 389 (67%) There will be a few more added to this year's count to get...
