I guessed that NSDCC sales would be down 60% in 2Q20, but April was the low point (sales were down 42% YoY), and May won't be better but June could finish strong. Quotes from the UT article which is linked at bottom: “Sellers have taken a bigger step back than...
Last month's sales count is stalling out. Right now the year-over-year change is -42%: NSDCC April Sales & Pricing Year # of Sales Avg $$/sf Median SP 2017 279 $535/sf $1,282,131 2018 272 $569/sf $1,285,225 2019 265 $583/sf $1,375,000 2020 153 $547/sf $1,390,000...
From the buyer's perspective - your chances of getting a big discount are about 1% to 2%. https://www.nar.realtor/research-and-statistics/research-reports/nar-flash-survey-economic-pulse
The drone video tour: Here's a snapshot of the coronavirus market - there are plenty of lookers:
The 144 sales is this morning's actual count. The final count should be about 10% higher: NSDCC April Sales & Pricing - Preliminary Year # of Sales Avg $$/sf Median SP 2017 279 $535/sf $1,282,131 2018 272 $569/sf $1,285,225 2019 265 $583/sf $1,375,000 2020 144...
The closed sales in May will likely be worse than April - which hasn't been too bad so far (just -26% yoy). We have 82 pendings currently that have opened escrow this month. NSDCC April 1-15 Sales & Pricing Year # of Sales Avg $$/sf Median SP Avg DOM 2017 129...
March 12th was the day that US stock markets suffered the greatest single-day percentage fall since 1987, and the day after Tom Hanks and Rudy Gobert tested positive - the latter shutting down the NBA season. Let's call it the day that the coronavirus started having a...
To get a feel for when the market is starting to come back, let's watch these data points. When sellers are feeling more comfortable putting their house on the market, we should see the number of houses for sale begin to increase (or that will be a sign that fewer are...
Prices dropping in the 'low single digits' doesn't sound like a frozen or desperate market. Their first story is about a guy who is looking at homes in Florida priced at $15 million? That's relevant to the national housing market?...
The closed sales in March held up ok, in spite of the covid-19. It was announced on March 11th that Tom Hanks and Rudy Gobart tested positive, and the night that the NBA suspended the season. It was then that the coronavirus escalated to another level of concern, and...
