Inventory Watch

Written by Jim the Realtor

March 24, 2025

Statistics are a funny thing and the quirks that happen regularly are interesting.

In our categories of active listings (below), THREE of the four has the exact same number of actives this week as they had last week!

I wouldn’t consider the market as stagnant. It’s more of an equilibrium where the number of new listings are replacing the new pendings at a similar pace. It probably means we are at or near peak Spring Selling Season! It would be hard to imagine that it could get any hotter which would cause the active-listings count to recede?

But look at the last two years in the graph above. It’s right around this time of year that the growth of active listings did mellow out the most, before climbing again in late-April/May.

The $0 – $2,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 6, 2025
43
$918/sf
63
27
Jan 13
45
$936/sf
53
22
Jan 20
47
$908/sf
54
25
Jan 27
48
$904/sf
48
32
Feb 3
51
$914/sf
47
41
Feb 10
45
$935/sf
46
45
Feb 17
45
$916/sf
46
46
Feb 24
45
$958/sf
48
40
Mar 3
50
$950/sf
37
42
Mar 10
55
$908/sf
36
45
Mar 17
53
$891/sf
35
50
Mar 24
53
$898/sf
30
51

The $2,000,000 – $3,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 6, 2025
55
$1,029/sf
66
36
Jan 13
58
$990/sf
63
31
Jan 20
64
$1,018/sf
57
26
Jan 27
64
$1,025/sf
53
31
Feb 3
71
$1,009/sf
50
31
Feb 10
75
$1,005/sf
46
36
Feb 17
81
$1,015/sf
44
39
Feb 24
80
$1,012/sf
38
52
Mar 3
80
$1,034/sf
33
49
Mar 10
92
$1,029/sf
37
44
Mar 17
98
$1,015/sf
39
44
Mar 24
98
$1,008/sf
41
52

The $3,000,000 – $4,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 6, 2025
44
$1,091/sf
82
19
Jan 13
46
$1,122/sf
77
19
Jan 20
52
$1,156/sf
70
16
Jan 27
49
$1,197/sf
67
20
Feb 3
56
$1,182/sf
55
21
Feb 10
58
$1,158/sf
51
25
Feb 17
58
$1,179/sf
54
24
Feb 24
56
$1,168/sf
52
24
Mar 3
51
$1,147/sf
56
31
Mar 10
56
$1,240/sf
61
34
Mar 17
60
$1,209/sf
61
36
Mar 24
60
$1,209/sf
62
39

The $4,000,000+ Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 6, 2025
160
$1,822/sf
105
27
Jan 13
156
$1,868/sf
105
31
Jan 20
170
$1,936/sf
95
29
Jan 27
180
$1,877/sf
90
31
Feb 3
189
$1,884/sf
85
31
Feb 10
189
$1,864/sf
88
29
Feb 17
192
$1,875/sf
90
32
Feb 24
195
$1,869/sf
91
34
Mar 3
200
$1,860/sf
87
34
Mar 10
213
$1,811/sf
83
36
Mar 17
208
$1,755/sf
85
30
Mar 24
211
$1,800/sf
86
25

NSDCC Weekly New Listings and New Pendings

Week
New Listings
New Pendings
Total Actives
Total Pendings
Jan 6
27
11
298
108
Jan 13
38
26
301
101
Jan 20
55
16
328
95
Jan 27
60
32
337
113
Feb 3
72
28
363
123
Feb 10
50
34
364
135
Feb 17
50
29
373
140
Feb 24
58
38
374
148
Mar 3
60
31
378
152
Mar 10
60
30
411
156
Mar 17
49
37
413
157
Mar 24
57
39
414
164

NSDCC List Price Quartiles

Week
1st Quartile
Median List Price
3rd Quartile
Jan 6
$2,685,000
$4,472,500
$7,995,000
Jan 13
$2,499,000
$4,250,000
$7,750,000
Jan 20
$2,695,000
$4,300,000
$7,767,000
Jan 27
$2,795,000
$4,498,000
$7,995,000
Feb 3
$2,695,000
$4,350,000
$7,499,000
Feb 10
$2,799,000
$4,299,000
$7,695,000
Feb 17
$2,695,000
$4,200,000
$7,750,000
Feb 24
$2,699,500
$4,250,000
$7,645,000
Mar 3
$2,550,000
$4,375,000
$7,497,000
Mar 10
$2,500,000
$4,200,000
$7,250,000
Mar 17
$2,500,000
$4,000,000
$6,995,000
Mar 24
$2,595,000
$4,047,500
$7,275,000

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Jim Klinge
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