We've never seen anything like this before: NSDCC Combined January + February Stats Year New Listings Closed Sales Median Sales Price 2011 644 219 $805,000 2012 526 215 $750,000 2013 801 279 $835,000 2014 824 365 $975,000 2015 826 344 $1,180,500 2016 916 320...
This morning we have more homes in escrow than we have for sale! NSDCC Detached-Home Listings Listing Status # of Listings Median List Price Active 352 $3,950,000 Pending 353 $1,925,000 Once upon a time I was discussing the actives/pendings relationship with local...
We are getting close to a remarkable event - having more pendings than actives. Here's the current scorecard - 359 Actives, and 338 Pendings! NSDCC Actives and Pendings Price Range Active Listings Avg $$/sf Pending Listings Avg $$/sf 0-$1.0M 6 $424/sf 33 $640/sf $1.0M...
Are we getting any more inventory? Are more homes coming to market? There have been a few more good listings, which gives hope. The Super Bowl being on February 7th was later than usual, but the overall numbers are still very light: NSDCC New Listings Between Feb 1 -...
When you look at the general data, the 25% dip year-over-year of January listings doesn't look so bad - especially on a graph. Heck, we're in the middle of a pandemic! But look how it is playing out: NSDCC Detached-Home New Listings Price Range New Listings in...
We are only able to sell what's for sale, so the direction of the frenzy depends on inventory. If we get a surge of inventory, then sales will increase. If we don't get a surge of inventory, then bidding wars and prices go crazy. We saw the differences here where the...
We can endure a slight and gradual reduction of inventory in the higher-end market, where there will always be hundreds of choices available and the number of buyers are limited, relatively. But the squeeze on the lower-end is getting worse: NSDCC Total Number of...
What's it like being a home buyer today? It's a bonanza if you are in the multiple-millions category - there are hundreds of choices! If you want to stay under $1,500,000, the inventory looks bleak: NSDCC Active Inventory Town or Area Zip Code Actives Under $1.5M...
Happy New Year.....how about a contest to get it started? My case for a full-blown frenzy is based on having additional supply to fuel the seemingly-insatiable demand brought on by the pandemic - having more homes for sale will help spike sales and prices. Betting on...
When will we know more about the 2021 frenzy? We already know it's going to be hot - look at the sales count for this month, plus we have 285 pendings: NSDCC December Sales Year December Sales The Following January Sales % Drop-off 2012 181 128 29% 2013 223 184 17%...
