The market is heating up fast and early this year!  The majority of home buyers paid over the list price in February, and these were decisions mostly made in January:

NSDCC Detached-Home Sales, % Closed Over List Price

January: 38%

February: 43%

March: 53%

April: 55%

May: 54%

June: 59%

July: 64%

August: 55%

September: 41%

October: 45%

November: 48%

December: 48%

January: 49%

February: 60%

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Even though the 2022 listings count for the first two months of the year is 33% BELOW the count in 2021, sales are only 16% under the average for the last five years:

NSDCC January + February Sales

2017: 174 + 172 = 346

2018: 149 + 162 = 311

2019: 150 + 174 = 324

2020: 182 + 184 = 366

2021: 187 + 224 = 411

2022: 140 + 156 = 296

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NSDCC Average and Median Prices

Month	# of Sales	Avg. LP	Avg. SP	Median LP	Median SP
Feb	224	$2,298,797	$2,257,334	$1,719,500	$1,758,000
March	252	$2,295,629	$2,260,524	$1,800,000	$1,825,000
April	357	$2,396,667	$2,403,962	$1,799,900	$1,828,000
May	300	$2,596,992	$2,581,715	$1,900,000	$1,994,500
June	348	$2,509,175	$2,537,953	$1,900,000	$1,967,500
July	311	$2,421,326	$2,442,738	$1,795,000	$1,855,000
Aug	268	$2,415,075	$2,438,934	$1,897,000	$1,950,000
Sept	278	$2,479,440	$2,445,817	$1,899,000	$1,987,500
Oct	248	$2,754,470	$2,705,071	$1,899,000	$1,899,500
Nov	199	$2,713,693	$2,707,359	$1,999,000	$2,100,000
Dec	189	$2,686,126	$2,664,391	$1,985,000	$2,157,500
Jan	140	$2,828,988	$2,855,213	$2,234,944	$2,240,000
Feb	156	$3,058,406	$3,104,854	$2,149,500	$2,386,500

The average sales price went up 7% MoM in January, and 9% in February.

The median sales price went up 4% MoM in January, and 7% in February.

THE MEDIAN SALES PRICE WENT UP 7% IN ONE MONTH!

This is the craziest real estate market ever – and the spring selling season is just getting started!

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