A nice pop in the percentage of sales closing over their list price – much like last February.

Last year, the peak month was March, and then it dropped in half by summertime.

NSDCC Monthly Sales & Pricing

Sales last month didn’t get close to last February, but the pricing held up. It wasn’t because there weren’t the houses to buy – the inventory was higher YoY.

It’s because fewer homes for sale were worthy of purchase.

Here was the big winner that sold for 40% OVER THE LIST PRICE. The buyer was from Mountain View, CA:

https://www.compass.com/listing/2223-calle-guaymas-la-jolla-ca-92037/1759448383857096161/

Other examples: