Inventory Watch: April 7th

Inventory Watch: April 7th

  • Jim Klinge
  • 04/7/25
 

Inventory Watch: April 7th

In 1Q25, there were 410 sales – which was +8% YoY!

There are 419 NSDCC active listings today.

This probably reflects the normal optimism, but with prices this high, you have to think that there are going to be a lot of disappointed sellers:

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
Mar 31
58
$878/sf
35
44
Apr 7
56
$867/sf
30
43

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
Mar 31
100
$997/sf
44
54
Apr 7
94
$940/sf
43
54

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
Mar 31
62
$1,158/sf
64
34
Apr 7
68
$1,208/sf
59
34

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
Mar 31
213
$1,784/sf
90
32
Apr 7
219
$1,777/sf
90
33

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
Mar 31
47
27
425
162
Apr 7
52
31
431
162

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
Mar 31
$2,499,000
$4,000,000
$7,300,000
Apr 7
$2,500,000
$4,000,000
$6,995,000

 

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