![graph - bubbleinfo.com](https://www.bubbleinfo.com/wp-content/uploads/2024/07/graph.jpg)
It looks like last week may have been the peak inventory for 2024, just like the same week in 2023 was the peak last year. The difference? There will be more listings that fail to sell this year.
The median list price was over $4,000,000 until April 8th this year, and today it is $3,695,000. It was $3,500,000 last week, which was the low point in 2024 and the third time it was that low this year.
Last year, the median list price was in the mid-to-late $3,000,000s all year and only touched $4,000,000 twice until the end of December. So even though the median list price is substantially lower now than it was in 2023, the inventory is around 23% higher.
The $0 – $1,500,000 Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
15 |
$724/sf |
49 |
23 |
Jan 8 |
13 |
$645/sf |
58 |
19 |
Jan 15 |
10 |
$664/sf |
55 |
15 |
Jan 22 |
15 |
$750/sf |
36 |
15 |
Jan 29 |
12 |
$834/sf |
36 |
21 |
Feb 5 |
12 |
$784/sf |
38 |
23 |
Feb 12 |
10 |
$818/sf |
30 |
22 |
Feb 19 |
12 |
$731/sf |
17 |
21 |
Feb 26 |
7 |
$725/sf |
26 |
21 |
Mar 4 |
9 |
$763/sf |
23 |
21 |
Mar 11 |
15 |
$742/sf |
14 |
17 |
Mar 18 |
15 |
$697/sf |
16 |
21 |
Mar 25 |
13 |
$846/sf |
19 |
22 |
Apr 1 |
12 |
$897/sf |
22 |
20 |
Apr 8 |
15 |
$869/sf |
37 |
22 |
Apr 15 |
17 |
$811/sf |
16 |
25 |
Apr 22 |
18 |
$829/sf |
16 |
23 |
Apr 29 |
20 |
$796/sf |
20 |
23 |
May 6 |
19 |
$868/sf |
18 |
23 |
May 13 |
21 |
$859/sf |
18 |
22 |
May 20 |
25 |
$939/sf |
20 |
18 |
May 27 |
24 |
$897/sf |
25 |
20 |
Jun 3 |
22 |
$879/sf |
25 |
19 |
Jun 10 |
25 |
$834/sf |
26 |
19 |
Jun 17 |
21 |
$823/sf |
31 |
21 |
Jun 24 |
24 |
$752/sf |
32 |
24 |
Jul 1 |
23 |
$760/sf |
44 |
26 |
Jul 8 |
22 |
$801/sf |
40 |
23 |
Jul 15 |
22 |
$815/sf |
36 |
23 |
Jul 22 |
17 |
$814/sf |
43 |
23 |
The $1,500,000 – $2,000,000 Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
20 |
$866/sf |
66 |
28 |
Jan 8 |
23 |
$890/sf |
63 |
23 |
Jan 15 |
32 |
$876/sf |
47 |
35 |
Jan 22 |
35 |
$823/sf |
43 |
25 |
Jan 29 |
38 |
$833/sf |
43 |
26 |
Feb 5 |
39 |
$810/sf |
34 |
28 |
Feb 12 |
32 |
$781/sf |
39 |
34 |
Feb 19 |
33 |
$797/sf |
36 |
29 |
Feb 26 |
33 |
$840/sf |
36 |
31 |
Mar 4 |
39 |
$827/sf |
32 |
31 |
Mar 11 |
30 |
$857/sf |
43 |
37 |
Mar 18 |
34 |
$847/sf |
36 |
37 |
Mar 25 |
34 |
$848/sf |
43 |
43 |
Apr 1 |
23 |
$873/sf |
42 |
47 |
Apr 8 |
30 |
$884/sf |
37 |
47 |
Apr 15 |
32 |
$961/sf |
36 |
43 |
Apr 22 |
36 |
$964/sf |
31 |
37 |
Apr 29 |
44 |
$921/sf |
25 |
33 |
May 6 |
44 |
$921/sf |
30 |
36 |
May 13 |
46 |
$939/sf |
25 |
34 |
May 20 |
47 |
$965/sf |
24 |
38 |
May 27 |
47 |
$965/sf |
30 |
40 |
Jun 3 |
53 |
$1,006/sf |
32 |
36 |
Jun 10 |
61 |
$942/sf |
30 |
36 |
Jun 17 |
62 |
$909/sf |
30 |
37 |
Jun 24 |
62 |
$909/sf |
28 |
40 |
Jul 1 |
70 |
$883/sf |
30 |
43 |
Jul 8 |
67 |
$925/sf |
30 |
47 |
Jul 15 |
70 |
$888/sf |
31 |
51 |
Jul 22 |
61 |
$858/sf |
35 |
46 |
The $2,000,000 – $3,000,000 Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
54 |
$1,046/sf |
65 |
34 |
Jan 8 |
59 |
$1,034/sf |
57 |
30 |
Jan 15 |
69 |
$1,094/sf |
44 |
35 |
Jan 22 |
60 |
$1,108/sf |
42 |
45 |
Jan 29 |
65 |
$1,126/sf |
41 |
48 |
Feb 5 |
68 |
$1,120/sf |
31 |
50 |
Feb 12 |
60 |
$1,123/sf |
34 |
56 |
Feb 19 |
71 |
$1,130/sf |
29 |
56 |
Feb 26 |
64 |
$1,138/sf |
30 |
61 |
Mar 4 |
62 |
$1,202/sf |
33 |
55 |
Mar 11 |
61 |
$1,211/sf |
29 |
62 |
Mar 18 |
72 |
$1,143/sf |
32 |
53 |
Mar 25 |
70 |
$1,101/sf |
31 |
64 |
Apr 1 |
71 |
$1,049/sf |
31 |
63 |
Apr 8 |
68 |
$1,076/sf |
31 |
63 |
Apr 15 |
82 |
$1,058/sf |
33 |
55 |
Apr 22 |
81 |
$1,066/sf |
38 |
62 |
Apr 29 |
79 |
$1,076/sf |
34 |
64 |
May 6 |
77 |
$1,067/sf |
35 |
56 |
May 13 |
78 |
$1,069/sf |
38 |
58 |
May 20 |
93 |
$1,049/sf |
39 |
46 |
May 27 |
92 |
$1,053/sf |
39 |
47 |
Jun 3 |
105 |
$1,025/sf |
41 |
43 |
Jun 10 |
105 |
$1,035/sf |
40 |
53 |
Jun 17 |
107 |
$1,002/sf |
36 |
51 |
Jun 24 |
118 |
$1,034/sf |
35 |
58 |
Jul 1 |
111 |
$1,013/sf |
37 |
59 |
Jul 8 |
111 |
$1,019/sf |
41 |
58 |
Jul 15 |
120 |
$1,014/sf |
43 |
47 |
Jul 22 |
124 |
$972/sf |
41 |
47 |
The $3,000,000 – $4,000,000 Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
33 |
$1,216/sf |
92 |
15 |
Jan 8 |
37 |
$1,248/sf |
83 |
15 |
Jan 15 |
42 |
$1,236/sf |
77 |
18 |
Jan 22 |
43 |
$1,283/sf |
77 |
17 |
Jan 29 |
42 |
$1,242/sf |
75 |
20 |
Feb 5 |
36 |
$1,363/sf |
73 |
25 |
Feb 12 |
40 |
$1,252/sf |
34 |
18 |
Feb 19 |
47 |
$1,515/sf |
45 |
17 |
Feb 26 |
50 |
$1,512/sf |
42 |
16 |
Mar 4 |
50 |
$1,588/sf |
44 |
19 |
Mar 11 |
50 |
$1,594/sf |
44 |
23 |
Mar 18 |
60 |
$1,537/sf |
38 |
22 |
Mar 25 |
59 |
$1,614/sf |
70 |
27 |
Apr 1 |
62 |
$1,660/sf |
76 |
26 |
Apr 8 |
65 |
$1,479/sf |
76 |
27 |
Apr 15 |
72 |
$1,442/sf |
70 |
26 |
Apr 22 |
70 |
$1,462/sf |
75 |
20 |
Apr 29 |
68 |
$1,434/sf |
75 |
25 |
May 6 |
67 |
$1,373/sf |
70 |
26 |
May 13 |
71 |
$1,355/sf |
68 |
25 |
May 20 |
78 |
$1,298/sf |
63 |
24 |
May 27 |
79 |
$1,267/sf |
66 |
26 |
Jun 3 |
75 |
$1,272/sf |
65 |
26 |
Jun 10 |
81 |
$1,248/sf |
62 |
26 |
Jun 17 |
89 |
$1,195/sf |
59 |
28 |
Jun 24 |
84 |
$1,229/sf |
61 |
33 |
Jul 1 |
87 |
$1,227/sf |
62 |
31 |
Jul 8 |
77 |
$1,278/sf |
68 |
33 |
Jul 15 |
91 |
$1,263/sf |
63 |
31 |
Jul 22 |
82 |
$1,272/sf |
68 |
31 |
The $4,000,000+ Market:
Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
Jan 2, 2024 |
139 |
$1,858/sf |
116 |
20 |
Jan 8 |
151 |
$1,896/sf |
109 |
18 |
Jan 15 |
157 |
$1,879/sf |
106 |
22 |
Jan 22 |
159 |
$1,824/sf |
104 |
27 |
Jan 29 |
162 |
$1,758/sf |
108 |
31 |
Feb 5 |
162 |
$1,718/sf |
108 |
30 |
Feb 12 |
154 |
$1,705/sf |
107 |
34 |
Feb 19 |
168 |
$1,685/sf |
107 |
24 |
Feb 26 |
175 |
$1,691/sf |
105 |
26 |
Mar 4 |
166 |
$1,692/sf |
97 |
36 |
Mar 11 |
178 |
$1,663/sf |
90 |
37 |
Mar 18 |
179 |
$1,691/sf |
90 |
29 |
Mar 25 |
177 |
$1,693/sf |
83 |
34 |
Apr 1 |
176 |
$1,713/sf |
87 |
31 |
Apr 8 |
177 |
$1,771/sf |
82 |
37 |
Apr 15 |
179 |
$1,731/sf |
88 |
40 |
Apr 22 |
183 |
$1,733/sf |
85 |
42 |
Apr 29 |
187 |
$1,765/sf |
81 |
42 |
May 6 |
191 |
$1,751/sf |
83 |
42 |
May 13 |
184 |
$1,754/sf |
84 |
47 |
May 20 |
193 |
$1,734/sf |
81 |
45 |
May 27 |
202 |
$1,716/sf |
78 |
46 |
Jun 3 |
203 |
$1,694/sf |
74 |
43 |
Jun 10 |
206 |
$1,716/sf |
70 |
43 |
Jun 17 |
204 |
$1,666/sf |
68 |
41 |
Jun 24 |
208 |
$1,678/sf |
68 |
44 |
Jul 1 |
213 |
$1,673/sf |
70 |
35 |
Jul 8 |
212 |
$1,674/sf |
72 |
29 |
Jul 15 |
217 |
$1,637/sf |
73 |
26 |
Jul 22 |
218 |
$1,633/sf |
77 |
32 |
NSDCC Weekly New Listings and New Pendings
Week |
New Listings |
New Pendings |
Total Actives |
Total Pendings |
Jan 2, 2024 |
18 |
10 |
255 |
113 |
Jan 8 |
43 |
12 |
278 |
100 |
Jan 15 |
52 |
20 |
305 |
102 |
Jan 22 |
50 |
29 |
308 |
122 |
Jan 29 |
44 |
32 |
314 |
140 |
Feb 5 |
44 |
33 |
312 |
149 |
Feb 12 |
37 |
34 |
292 |
159 |
Feb 19 |
53 |
24 |
326 |
143 |
Feb 26 |
45 |
37 |
324 |
151 |
Mar 4 |
52 |
45 |
332 |
166 |
Mar 11 |
53 |
26 |
331 |
165 |
Mar 18 |
62 |
32 |
355 |
159 |
Mar 25 |
45 |
46 |
348 |
186 |
Apr 1 |
37 |
42 |
340 |
183 |
Apr 8 |
58 |
36 |
352 |
191 |
Apr 15 |
58 |
29 |
378 |
184 |
Apr 22 |
44 |
36 |
384 |
179 |
Apr 29 |
67 |
36 |
393 |
185 |
May 6 |
58 |
48 |
394 |
183 |
May 13 |
47 |
34 |
395 |
186 |
May 20 |
67 |
26 |
429 |
171 |
May 27 |
57 |
36 |
435 |
179 |
Jun 3 |
55 |
26 |
449 |
166 |
Jun 10 |
77 |
40 |
469 |
175 |
Jun 17 |
64 |
37 |
474 |
175 |
Jun 24 |
78 |
29 |
489 |
192 |
Jul 1 |
51 |
38 |
496 |
188 |
Jul 8 |
41 |
37 |
479 |
184 |
Jul 15 |
52 |
29 |
509 |
172 |
Jul 22 |
43 |
42 |
495 |
172 |
NSDCC List Price Quartiles
Week |
1st Quartile |
Median List Price |
3rd Quartile |
Jan 2, 2024 |
$2,549,888 |
$4,444,000 |
$8,350,000 |
Jan 8 |
$2,572,444 |
$4,447,000 |
$8,097,500 |
Jan 15 |
$2,499,000 |
$4,200,000 |
$7,950,000 |
Jan 22 |
$2,429,000 |
$4,250,000 |
$7,450,000 |
Jan 29 |
$2,399,000 |
$4,225,000 |
$7,495,000 |
Feb 5 |
$2,398,000 |
$4,272,500 |
$7,495,000 |
Feb 12 |
$2,499,800 |
$4,297,500 |
$7,495,000 |
Feb 19 |
$2,499,400 |
$4,200,000 |
$6,972,500 |
Feb 26 |
$2,649,400 |
$4,350,000 |
$7,300,000 |
Mar 4 |
$2,525,000 |
$4,225,000 |
$7,149,500 |
Mar 11 |
$2,649,000 |
$4,295,000 |
$7,495,000 |
Mar 18 |
$2,500,000 |
$4,000,000 |
$6,750,000 |
Mar 25 |
$2,680,000 |
$4,097,499 |
$6,750,000 |
Apr 1 |
$2,785,000 |
$4,150,000 |
$6,999,999 |
Apr 8 |
$2,680,000 |
$4,047,500 |
$6,999,000 |
Apr 15 |
$2,570,000 |
$3,899,500 |
$6,797,500 |
Apr 22 |
$2,499,000 |
$3,982,500 |
$6,495,000 |
Apr 29 |
$2,399,000 |
$3,990,000 |
$6,750,000 |
May 6 |
$2,485,000 |
$3,995,000 |
$6,825,000 |
May 13 |
$2,475,000 |
$3,895,000 |
$6,900,000 |
May 20 |
$2,420,000 |
$3,750,000 |
$6,480,000 |
May 27 |
$2,495,000 |
$3,840,000 |
$6,695,000 |
Jun 3 |
$2,475,000 |
$3,749,000 |
$6,395,000 |
Jun 10 |
$2,388,000 |
$3,500,000 |
$6,187,000 |
Jun 17 |
$2,412,500 |
$3,599,500 |
$5,995,000 |
Jun 24 |
$2,350,000 |
$3,500,000 |
$6,398,000 |
Jul 1 |
$2,398,000 |
$3,600,000 |
$6,400,000 |
Jul 8 |
$2,399,000 |
$3,650,000 |
$6,500,000 |
Jul 15 |
$2,399,999 |
$3,500,000 |
$6,398,000 |
Jul 22 |
$2,399,000 |
$3,695,000 |
$6,398,000 |
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!