NSDCC Monthly Detached-Home Sales, 2024 Last October, there were 140 NSDCC sales with a median sales price of $2,182,500 ($810/sf). This month's final count should be 160+ sales and a median sales price that's +10% above last October! Statistically, the political...
Remember a few months ago when both Biden and the Padres were flailing and I said that the last half of the year would be so full of distractions that we'd be lucky to see 100 sales per month? How ya feeling now? Last month was spectacular and it looks like this...
Rob Dawg suggested that we look at the quartile pricing again. The list pricing (above) has been very comparable to last year, but those are the unsolds. Below are the quartiles for the NSDCC monthly sales: Pricing measured by quartiles is still above last year, and...
The other day I popped off about how the market was deteriorating and we'd be lucky to see 100+ monthly sales the rest of the way in 2024. What do I know? Here is the sales data for this month so far: There are two solid weeks left in July - could we get to 200 sales...
Here are four tepid responses to the question on whether home prices will drop this summer: https://www.cbsnews.com/news/will-home-prices-finally-drop-this-summer-heres-what-experts-say/ The lame last paragraph sums it up: The bottom line The real estate market seems...
It's the last business day of June, and while there will be a few more sales added to this total, there will be at least 10% fewer closings than last month: The median pricing is higher this month, but I don't think that means home prices in general are rising. It's...
None of the pricing metrics are great but at least they demonstrate the trends over time. These graphs above are showing the latest data, including last month, and it's all fairly positive....for now. With the extra inventory, buyers aren't going to pay crazy money...
NSDCC Listings, Jan 1 - May 15 Can we use statistics to describe the market conditions today? This chart above helps a little. Even though the number of listings is drastically lower than it used to be, apparently the market has been adjusting - mostly by price! I...
Last week, the NSDCC count of active listings was 395. On Monday, it was 429. Today it is 440, which is a 12% increase since the beginning of May. Then I looked up the stats from last year. Last May, we had the same +12% increase! Never mind - keep selling!
How will the rest of 2024 play out? Like last year, sales will probably fade away unless more sellers are so motivated that they adjust their price in time. The number of NSDCC active listings has stayed under 400 all year - until this week. Today there are 421 active...
