The current market conditions are fascinating. There were 141 NSDCC listings that went pending in October, and 44 of them have already closed escrow! It leaves 133 listings in the pending category so the closed sales in November and December probably won't set any...
NSDCC Monthly Detached-Home Sales, 2024 Last October, there were 140 NSDCC sales with a median sales price of $2,182,500 ($810/sf). This month's final count should be 160+ sales and a median sales price that's +10% above last October! Statistically, the political...
What would a frenzy of inventory look like? There has only been a 15% year-over-year increase in the number of homes for sale in 2024, which isn't that noticeable, especially to the casual observer. Plus, the top-quality homes still get swept off the market quickly,...
I thought the run-up to the election would cause potential home sellers to wait it out. Wouldn't it make sense to NOT list your home in the month or two before the most contentous election in history? Certainly home sellers would have foresight and believe that buyers...
He's not just passing through - Mark Wahlberg is setting up shop in South O: View this post on Instagram A post shared by Mark Wahlberg (@markwahlberg)
We've heard of the metric that measures the supply and demand in residential real estate sales. Lance called it the key housing metric going into 2025, but he is suspicious of its accuracy: A rule of thumb in real estate is that anything below a 6-month supply of...
If there is a surge of inventory next year, will sales increase too? Yes, probably. There have been 6% more sales this year. Oh - but there were 15% more listings. Hmmm it sounds like not every seller gets out. We could be set up for an old-fashioned price war, where...
There are several reasons why I think the local inventory will surge in 2025. It will be due to several causes contributing more houses for sale, and all combined it may look like a flood in some areas. Been Trending That Way in 2024 - The inventory this year has been...
