Update time along the NCC. Numbers for week ended yesterday
New listings 26 – a little better and hopefully more to come as end of school year approaches. Hoping we are over 30 this time next week
New Pendings of 33 – plenty of demand and peak demand around the corner
Thats a -7 for the week.
Closed sales at 46 –
Price reductions at 1
Total houses for sale 57 with median of $1.86M.
Big weeks ahead. If inventory is gonna build its gotta start now. More inventory is only thing that could slow down pricing
Last year I sold the only house in my hood under $1M ($995k)and maybe the last one we will ever see. It was one of the smallest and during the height of the pandemic shut down with tenants in place so it was sold as-is and blind to buyer. Prices ranged from $1M to 1.5M last year. Lowest sale this year is $1.275 for a bigger one in impaired location and at best fair condition. Its pretty much 1.3 and up now here. Prices are now $1.3M to 1.9M with $2m sales in sight for the right home. How did we get here?
