Inventory Watch: Feb 5

The number of January listings has blown by everyone’s expectations, and is now up to 229, which is 12% higher than in January, 2023 – and the count isn’t done yet.

All we know for sure is that more sellers wanted to get an early start on moving this year.

If that tendency holds up over the next few months and the YoY inventory grows by 10% or more each month, the market could get more frenzied, because the buyers are responding too. The number of pendings is 14% higher than they were last year at this time!

My theory is that 10% more inventory is easily absorbed and really won’t be that noticeable. It’s when the inventory is growing at 20% or more that buyers may wonder what’s going on – and be tempted to pause, and/or get more picky, if that is possible.

Congratulations to Joe – the winner of the four Padres tickets!

Contest to Guess the Total Number of NSDCC January Listings

142 Anne M

157 Skip

160 doughboy

170 Dale

174 SurfRider

176 LifeIsRadInCbad

180 Kingside

188 Stephanie R.

189 Chris

190 Tom

192 Sara G.

196 Derek

200 Curtis

208 Rob Dawg

210 Bode

213 Shadash

217 Nick

222 Majeed

223 Joe

The way it’s going, the 2024 Selling Season should be as hot, or hotter than it was last year!

The $0 – $1,500,000 Market:

The $1,500,000 – $2,000,000 Market:

The $2,000,000 – $3,000,000 Market:

The $3,000,000 – $4,000,000 Market:

The $4,000,000+ Market:

NSDCC Weekly New Listings and New Pendings

NSDCC List Price Quartiles