In the last week, the number of NSDCC active listings shot up by 12%, and the number of pendings dropped 10%, which at first glance looked like a bunch of escrows blew up. But it was more due to the number of closings. There were 35 escrows that closed last week,...
The Super Bowl is done, and the 2024 Selling Season is under way! Judging by the graph above, this year will be as hot as last year! Look at the consistency this year too: NSDCC Weekly New Listings and New Pendings Whenever we have 125 new listings, and 99 are going...
The number of January listings has blown by everyone's expectations, and is now up to 229, which is 12% higher than in January, 2023 - and the count isn't done yet. All we know for sure is that more sellers wanted to get an early start on moving this year. If that...
In our previous reading last Monday, the pendings count had jumped 20% - and this week it popped another 15%! Today's actual count of 140 pendings is now ahead of last year, which had an early start to the selling season! At this point, this year looks the same! This...
During the frenzy, the market had waves of new pendings happen in the same week or two, as if there is a home-buying karma that sweeps a bunch of buyers into action at the same time. It's probably more due to them digesting the new listings, and after a couple of...
NSDCC Listings, January 1-15 2023: 100 2024: 99 You could say that the 2024 inventory is tracking very closely to last year's numbers! There will be extras added to this year's count, so comparatively, we can guess that the 2024 count will be 110-115 or so. But look...
There were 50 new listings in the first seven days of last year. This year, there have been 43 new listings in the first week, but there are late-reporters and those agents who input a new listing later in the month but use the contract date from weeks earlier. It's...
The NSDCC inventory is starting off the new year with virtually identical numbers as it did in 2023! The big difference? Last year everyone thought we had a recession coming, and this year it's all blue sky ahead. At the beginning of 2023, the 30-year mortgage rate...
It's been impressive how strong the pricing has looked towards the end of the year. But if we're looking at the median list prices, then all we know is that these are the medians of what's not working.....but at least they aren't going the other way! The limited...
As the real estate market continues to 'normalize' and we get used to a perpetually low-inventory environment, these are factors that will greet the players in 2024: The NSDCC median list price today is $4,250,000, the highest ever. There are 19 homes for sale under...
