Update time along the NCC. Numbers for week ended yesterday. Inventory not building much here either.
New listings 29 – at least number held up from last week but really hoping for a lot more to help get prices under control
New Pendings of 33 – plenty of demand and we are pretty much at peak demand.
Thats a -4 for the week.
Closed sales at 33 –
Price reductions at 5
Total houses for sale 59 with median of $1.995M.
Prices still feel 30% higher year over year though not reflected in stats yet as data is a lagging indiocator. The homes are still in escrow that will verify that firmly. One year ago my home was on Zillow at 1.165M and today its at 1.415.When neighbor house closes in a week or so mine should go up at least $150K if not a lot more. It could literally show up around 40% y-o-y. Its been a crazy year
Last 2 weeks the 3 highest closed sales are $5.7M, $7M and $8M! And 5 closed sales between $3M and $4M. This is not your parent’s North Coutny