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...
Today we wrap up the 50-week look at the number of NSDCC active and pending listings for 2023 (above). Last year's market was the only one that was somewhat comparable to this year, so here's how 2022 looked for the same 50 weeks: Second week of December, 2022: 329...
Last week, I speculated whether we will see a nice increase next year in the number of homes for sale. Rising inventory has been happening around the country....but not here, at least not yet: But the NSDCC market today looks a lot like it did last year, which...
While a surge in inventory next year would help to change the market dynamics, there isn't any hard evidence of it happening yet: How many would be considered a surge? If the number of new listings rose 10% or even 20%, would anyone notice? Probably not. Using these...
The local market will wind up the year with the lowest number of annual listings ever, the fewest number of annual sales ever, the highest prices ever (the latest Case-Shiller Index released tomorrow), and we'll enter the new year with the fewest number of active...
