Inventory Watch: July 1st
Of the 496 active listings today, 213 of them are listed over $4,000,000 and 75 of those are listed over $9,000,000. Do those have any impact on buyers and sellers for properties listed under $3,000,000?
Not really, but today there are now 93 homes for sale under $2,000,000, and another 111 priced between $2,000,000 and $3,000,000 – and both are the highest counts of the year.
Listings are stacking up in all price categories!
The demand is still there – there were 38 new pendings this week – and the total number of pendings is still higher than it was last year so the market is working. But more and more buyers are rejecting the pricing of most active listings.
The $0 – $1,500,000 Market:
| Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
| Jan 2, 2024 |
15 |
$724/sf |
49 |
23 |
| Jan 8 |
13 |
$645/sf |
58 |
19 |
| Jan 15 |
10 |
$664/sf |
55 |
15 |
| Jan 22 |
15 |
$750/sf |
36 |
15 |
| Jan 29 |
12 |
$834/sf |
36 |
21 |
| Feb 5 |
12 |
$784/sf |
38 |
23 |
| Feb 12 |
10 |
$818/sf |
30 |
22 |
| Feb 19 |
12 |
$731/sf |
17 |
21 |
| Feb 26 |
7 |
$725/sf |
26 |
21 |
| Mar 4 |
9 |
$763/sf |
23 |
21 |
| Mar 11 |
15 |
$742/sf |
14 |
17 |
| Mar 18 |
15 |
$697/sf |
16 |
21 |
| Mar 25 |
13 |
$846/sf |
19 |
22 |
| Apr 1 |
12 |
$897/sf |
22 |
20 |
| Apr 8 |
15 |
$869/sf |
37 |
22 |
| Apr 15 |
17 |
$811/sf |
16 |
25 |
| Apr 22 |
18 |
$829/sf |
16 |
23 |
| Apr 29 |
20 |
$796/sf |
20 |
23 |
| May 6 |
19 |
$868/sf |
18 |
23 |
| May 13 |
21 |
$859/sf |
18 |
22 |
| May 20 |
25 |
$939/sf |
20 |
18 |
| May 27 |
24 |
$897/sf |
25 |
20 |
| Jun 3 |
22 |
$879/sf |
25 |
19 |
| Jun 10 |
25 |
$834/sf |
26 |
19 |
| Jun 17 |
21 |
$823/sf |
31 |
21 |
| Jun 24 |
24 |
$752/sf |
32 |
24 |
| Jul 1 |
23 |
$760/sf |
44 |
26 |
The $1,500,000 – $2,000,000 Market:
| Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
| Jan 2, 2024 |
20 |
$866/sf |
66 |
28 |
| Jan 8 |
23 |
$890/sf |
63 |
23 |
| Jan 15 |
32 |
$876/sf |
47 |
35 |
| Jan 22 |
35 |
$823/sf |
43 |
25 |
| Jan 29 |
38 |
$833/sf |
43 |
26 |
| Feb 5 |
39 |
$810/sf |
34 |
28 |
| Feb 12 |
32 |
$781/sf |
39 |
34 |
| Feb 19 |
33 |
$797/sf |
36 |
29 |
| Feb 26 |
33 |
$840/sf |
36 |
31 |
| Mar 4 |
39 |
$827/sf |
32 |
31 |
| Mar 11 |
30 |
$857/sf |
43 |
37 |
| Mar 18 |
34 |
$847/sf |
36 |
37 |
| Mar 25 |
34 |
$848/sf |
43 |
43 |
| Apr 1 |
23 |
$873/sf |
42 |
47 |
| Apr 8 |
30 |
$884/sf |
37 |
47 |
| Apr 15 |
32 |
$961/sf |
36 |
43 |
| Apr 22 |
36 |
$964/sf |
31 |
37 |
| Apr 29 |
44 |
$921/sf |
25 |
33 |
| May 6 |
44 |
$921/sf |
30 |
36 |
| May 13 |
46 |
$939/sf |
25 |
34 |
| May 20 |
47 |
$965/sf |
24 |
38 |
| May 27 |
47 |
$965/sf |
30 |
40 |
| Jun 3 |
53 |
$1,006/sf |
32 |
36 |
| Jun 10 |
61 |
$942/sf |
30 |
36 |
| Jun 17 |
62 |
$909/sf |
30 |
37 |
| Jun 24 |
62 |
$909/sf |
28 |
40 |
| Jul 1 |
70 |
$883/sf |
30 |
43 |
The $2,000,000 – $3,000,000 Market:
| Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
| Jan 2, 2024 |
54 |
$1,046/sf |
65 |
34 |
| Jan 8 |
59 |
$1,034/sf |
57 |
30 |
| Jan 15 |
69 |
$1,094/sf |
44 |
35 |
| Jan 22 |
60 |
$1,108/sf |
42 |
45 |
| Jan 29 |
65 |
$1,126/sf |
41 |
48 |
| Feb 5 |
68 |
$1,120/sf |
31 |
50 |
| Feb 12 |
60 |
$1,123/sf |
34 |
56 |
| Feb 19 |
71 |
$1,130/sf |
29 |
56 |
| Feb 26 |
64 |
$1,138/sf |
30 |
61 |
| Mar 4 |
62 |
$1,202/sf |
33 |
55 |
| Mar 11 |
61 |
$1,211/sf |
29 |
62 |
| Mar 18 |
72 |
$1,143/sf |
32 |
53 |
| Mar 25 |
70 |
$1,101/sf |
31 |
64 |
| Apr 1 |
71 |
$1,049/sf |
31 |
63 |
| Apr 8 |
68 |
$1,076/sf |
31 |
63 |
| Apr 15 |
82 |
$1,058/sf |
33 |
55 |
| Apr 22 |
81 |
$1,066/sf |
38 |
62 |
| Apr 29 |
79 |
$1,076/sf |
34 |
64 |
| May 6 |
77 |
$1,067/sf |
35 |
56 |
| May 13 |
78 |
$1,069/sf |
38 |
58 |
| May 20 |
93 |
$1,049/sf |
39 |
46 |
| May 27 |
92 |
$1,053/sf |
39 |
47 |
| Jun 3 |
105 |
$1,025/sf |
41 |
43 |
| Jun 10 |
105 |
$1,035/sf |
40 |
53 |
| Jun 17 |
107 |
$1,002/sf |
36 |
51 |
| Jun 24 |
118 |
$1,034/sf |
35 |
58 |
| Jul 1 |
111 |
$1,013/sf |
37 |
59 |
The $3,000,000 – $4,000,000 Market:
| Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
| Jan 2, 2024 |
33 |
$1,216/sf |
92 |
15 |
| Jan 8 |
37 |
$1,248/sf |
83 |
15 |
| Jan 15 |
42 |
$1,236/sf |
77 |
18 |
| Jan 22 |
43 |
$1,283/sf |
77 |
17 |
| Jan 29 |
42 |
$1,242/sf |
75 |
20 |
| Feb 5 |
36 |
$1,363/sf |
73 |
25 |
| Feb 12 |
40 |
$1,252/sf |
34 |
18 |
| Feb 19 |
47 |
$1,515/sf |
45 |
17 |
| Feb 26 |
50 |
$1,512/sf |
42 |
16 |
| Mar 4 |
50 |
$1,588/sf |
44 |
19 |
| Mar 11 |
50 |
$1,594/sf |
44 |
23 |
| Mar 18 |
60 |
$1,537/sf |
38 |
22 |
| Mar 25 |
59 |
$1,614/sf |
70 |
27 |
| Apr 1 |
62 |
$1,660/sf |
76 |
26 |
| Apr 8 |
65 |
$1,479/sf |
76 |
27 |
| Apr 15 |
72 |
$1,442/sf |
70 |
26 |
| Apr 22 |
70 |
$1,462/sf |
75 |
20 |
| Apr 29 |
68 |
$1,434/sf |
75 |
25 |
| May 6 |
67 |
$1,373/sf |
70 |
26 |
| May 13 |
71 |
$1,355/sf |
68 |
25 |
| May 20 |
78 |
$1,298/sf |
63 |
24 |
| May 27 |
79 |
$1,267/sf |
66 |
26 |
| Jun 3 |
75 |
$1,272/sf |
65 |
26 |
| Jun 10 |
81 |
$1,248/sf |
62 |
26 |
| Jun 17 |
89 |
$1,195/sf |
59 |
28 |
| Jun 24 |
84 |
$1,229/sf |
61 |
33 |
| Jul 1 |
87 |
$1,227/sf |
62 |
31 |
The $4,000,000+ Market:
| Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
| Jan 2, 2024 |
139 |
$1,858/sf |
116 |
20 |
| Jan 8 |
151 |
$1,896/sf |
109 |
18 |
| Jan 15 |
157 |
$1,879/sf |
106 |
22 |
| Jan 22 |
159 |
$1,824/sf |
104 |
27 |
| Jan 29 |
162 |
$1,758/sf |
108 |
31 |
| Feb 5 |
162 |
$1,718/sf |
108 |
30 |
| Feb 12 |
154 |
$1,705/sf |
107 |
34 |
| Feb 19 |
168 |
$1,685/sf |
107 |
24 |
| Feb 26 |
175 |
$1,691/sf |
105 |
26 |
| Mar 4 |
166 |
$1,692/sf |
97 |
36 |
| Mar 11 |
178 |
$1,663/sf |
90 |
37 |
| Mar 18 |
179 |
$1,691/sf |
90 |
29 |
| Mar 25 |
177 |
$1,693/sf |
83 |
34 |
| Apr 1 |
176 |
$1,713/sf |
87 |
31 |
| Apr 8 |
177 |
$1,771/sf |
82 |
37 |
| Apr 15 |
179 |
$1,731/sf |
88 |
40 |
| Apr 22 |
183 |
$1,733/sf |
85 |
42 |
| Apr 29 |
187 |
$1,765/sf |
81 |
42 |
| May 6 |
191 |
$1,751/sf |
83 |
42 |
| May 13 |
184 |
$1,754/sf |
84 |
47 |
| May 20 |
193 |
$1,734/sf |
81 |
45 |
| May 27 |
202 |
$1,716/sf |
78 |
46 |
| Jun 3 |
203 |
$1,694/sf |
74 |
43 |
| Jun 10 |
206 |
$1,716/sf |
70 |
43 |
| Jun 17 |
204 |
$1,666/sf |
68 |
41 |
| Jun 24 |
208 |
$1,678/sf |
68 |
44 |
| Jul 1 |
213 |
$1,673/sf |
70 |
35 |
NSDCC Weekly New Listings and New Pendings
| Week |
New Listings |
New Pendings |
Total Actives |
Total Pendings |
| Jan 2, 2024 |
18 |
10 |
255 |
113 |
| Jan 8 |
43 |
12 |
278 |
100 |
| Jan 15 |
52 |
20 |
305 |
102 |
| Jan 22 |
50 |
29 |
308 |
122 |
| Jan 29 |
44 |
32 |
314 |
140 |
| Feb 5 |
44 |
33 |
312 |
149 |
| Feb 12 |
37 |
34 |
292 |
159 |
| Feb 19 |
53 |
24 |
326 |
143 |
| Feb 26 |
45 |
37 |
324 |
151 |
| Mar 4 |
52 |
45 |
332 |
166 |
| Mar 11 |
53 |
26 |
331 |
165 |
| Mar 18 |
62 |
32 |
355 |
159 |
| Mar 25 |
45 |
46 |
348 |
186 |
| Apr 1 |
37 |
42 |
340 |
183 |
| Apr 8 |
58 |
36 |
352 |
191 |
| Apr 15 |
58 |
29 |
378 |
184 |
| Apr 22 |
44 |
36 |
384 |
179 |
| Apr 29 |
67 |
36 |
393 |
185 |
| May 6 |
58 |
48 |
394 |
183 |
| May 13 |
47 |
34 |
395 |
186 |
| May 20 |
67 |
26 |
429 |
171 |
| May 27 |
57 |
36 |
435 |
179 |
| Jun 3 |
55 |
26 |
449 |
166 |
| Jun 10 |
77 |
40 |
469 |
175 |
| Jun 17 |
64 |
37 |
474 |
175 |
| Jun 24 |
78 |
29 |
489 |
192 |
| Jul 1/td>
|
51 |
38 |
496 |
188 |
NSDCC List Price Quartiles
| Week |
1st Quartile |
Median List Price |
3rd Quartile |
| Jan 2, 2024 |
$2,549,888 |
$4,444,000 |
$8,350,000 |
| Jan 8 |
$2,572,444 |
$4,447,000 |
$8,097,500 |
| Jan 15 |
$2,499,000 |
$4,200,000 |
$7,950,000 |
| Jan 22 |
$2,429,000 |
$4,250,000 |
$7,450,000 |
| Jan 29 |
$2,399,000 |
$4,225,000 |
$7,495,000 |
| Feb 5 |
$2,398,000 |
$4,272,500 |
$7,495,000 |
| Feb 12 |
$2,499,800 |
$4,297,500 |
$7,495,000 |
| Feb 19 |
$2,499,400 |
$4,200,000 |
$6,972,500 |
| Feb 26 |
$2,649,400 |
$4,350,000 |
$7,300,000 |
| Mar 4 |
$2,525,000 |
$4,225,000 |
$7,149,500 |
| Mar 11 |
$2,649,000 |
$4,295,000 |
$7,495,000 |
| Mar 18 |
$2,500,000 |
$4,000,000 |
$6,750,000 |
| Mar 25 |
$2,680,000 |
$4,097,499 |
$6,750,000 |
| Apr 1 |
$2,785,000 |
$4,150,000 |
$6,999,999 |
| Apr 8 |
$2,680,000 |
$4,047,500 |
$6,999,000 |
| Apr 15 |
$2,570,000 |
$3,899,500 |
$6,797,500 |
| Apr 22 |
$2,499,000 |
$3,982,500 |
$6,495,000 |
| Apr 29 |
$2,399,000 |
$3,990,000 |
$6,750,000 |
| May 6 |
$2,485,000 |
$3,995,000 |
$6,825,000 |
| May 13 |
$2,475,000 |
$3,895,000 |
$6,900,000 |
| May 20 |
$2,420,000 |
$3,750,000 |
$6,480,000 |
| May 27 |
$2,495,000 |
$3,840,000 |
$6,695,000 |
| Jun 3 |
$2,475,000 |
$3,749,000 |
$6,395,000 |
| Jun 10 |
$2,388,000 |
$3,500,000 |
$6,187,000 |
| Jun 17 |
$2,412,500 |
$3,599,500 |
$5,995,000 |
| Jun 24 |
$2,350,000 |
$3,500,000 |
$6,398,000 |
| Jul 1 |
$2,398,000 |
$3,600,000 |
$6,400,000 |
