Inventory Watch: June 5, 2023
Today, we have the highest number of active listings of the year, and the lowest number of pendings since the first week of February. There were only 17 new pendings since last Monday, which is the lowest weekly total since the beginning of January.
Were buyers on vacation? Graduations? Or just dissatisfied with the current offerings?
The $0 – $1,500,000 Market:
| Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
| Jan 2, 2023 |
22 |
$719/sf |
75 |
15 |
| Jan 9 |
26 |
$687/sf |
50 |
14 |
| Jan 16 |
23 |
$701/sf |
52 |
20 |
| Jan 23 |
25 |
$751/sf |
60 |
21 |
| Jan 30 |
23 |
$788/sf |
45 |
25 |
| Feb 6 |
18 |
$750/sf |
59 |
24 |
| Feb 13 |
18 |
$770/sf |
48 |
26 |
| Feb 20 |
17 |
$778/sf |
49 |
26 |
| Feb 27 |
18 |
$802/sf |
48 |
23 |
| Mar 6 |
22 |
$802/sf |
44 |
14 |
| Mar 13 |
22 |
$747/sf |
45 |
16 |
| Mar 20 |
16 |
$826/sf |
49 |
21 |
| Mar 27 |
17 |
$853/sf |
47 |
20 |
| Apr 3 |
19 |
$803/sf |
37 |
20 |
| Apr 10 |
11 |
$778/sf |
53 |
30 |
| Apr 17 |
15 |
$690/sf |
44 |
27 |
| Apr 24 |
12 |
$682/sf |
33 |
25 |
| May 1 |
11 |
$795/sf |
35 |
27 |
| May 8 |
14 |
$780/sf |
33 |
24 |
| May 15 |
16 |
$770/sf |
37 |
22 |
| May 22 |
21 |
$747/sf |
45 |
18 |
| May 29 |
20 |
$757/sf |
52 |
21 |
| Jun 5 |
23 |
$755/sf |
49 |
20 |
The $1,500,000 – $2,000,000 Market:
| Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
| Jan 2, 2023 |
45 |
$809/sf |
60 |
18 |
| Jan 9 |
55 |
$828/sf |
53 |
19 |
| Jan 16 |
46 |
$838/sf |
53 |
30 |
| Jan 23 |
43 |
$793/sf |
52 |
31 |
| Jan 30 |
40 |
$778/sf |
54 |
34 |
| Feb 6 |
42 |
$814/sf |
46 |
30 |
| Feb 13 |
35 |
$823/sf |
51 |
39 |
| Feb 20 |
34 |
$801/sf |
47 |
40 |
| Feb 27 |
27 |
$846/sf |
33 |
45 |
| Mar 6 |
29 |
$893/sf |
33 |
41 |
| Mar 13 |
32 |
$850/sf |
33 |
39 |
| Mar 20 |
27 |
$872/sf |
36 |
41 |
| Mar 27 |
22 |
$832/sf |
39 |
36 |
| Apr 3 |
21 |
$779/sf |
27 |
36 |
| Apr 10 |
22 |
$816/sf |
26 |
33 |
| Apr 17 |
27 |
$797/sf |
21 |
33 |
| Apr 24 |
28 |
$856/sf |
31 |
34 |
| Apr 24 |
28 |
$856/sf |
31 |
34 |
| May 1 |
30 |
$789/sf |
28 |
36 |
| May 8 |
36 |
$808/sf |
25 |
37 |
| May 15 |
33 |
$776/sf |
33 |
44 |
| May 22 |
35 |
$818/sf |
36 |
44 |
| May 29 |
38 |
$786/sf |
33 |
40 |
| Jun 5 |
39 |
$791/sf |
34 |
30 |
The $2,000,000 – $3,000,000 Market:
| Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
| Jan 2, 2023 |
52 |
$869/sf |
69 |
30 |
| Jan 9 |
57 |
$940/sf |
66 |
31 |
| Jan 16 |
50 |
$948/sf |
61 |
36 |
| Jan 23 |
51 |
$949/sf |
58 |
35 |
| Jan 30 |
54 |
$964/sf |
55 |
34 |
| Feb 6 |
60 |
$930/sf |
51 |
42 |
| Feb 13 |
51 |
$1,038/sf |
52 |
47 |
| Feb 20 |
58 |
$1,022/sf |
47 |
46 |
| Feb 27 |
56 |
$1,064/sf |
52 |
49 |
| Mar 6 |
57 |
$995/sf |
50 |
50 |
| Mar 13 |
55 |
$1,015/sf |
53 |
47 |
| Mar 20 |
50 |
$1,011/sf |
58 |
50 |
| Mar 27 |
54 |
$1,039/sf |
49 |
47 |
| Apr 3 |
54 |
$1,035/sf |
52 |
38 |
| Apr 10 |
55 |
$1,004/sf |
48 |
42 |
| Apr 17 |
64 |
$985/sf |
47 |
46 |
| Apr 24 |
57 |
$1,001/sf |
43 |
50 |
| May 1 |
57 |
$1,008/sf |
42 |
45 |
| May 8 |
68 |
$1,031/sf |
36 |
41 |
| May 15 |
71 |
$1,007/sf |
34 |
39 |
| May 22 |
77 |
$1,003/sf |
34 |
38 |
| May 29 |
74 |
$1,002/sf |
39 |
43 |
| Jun 5 |
77 |
$991/sf |
42 |
44 |
The $3,000,000 – $4,000,000 Market:
| Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
| Jan 2, 2023 |
29 |
$1,236/sf |
85 |
6 |
| Jan 9 |
29 |
$1,180/sf |
80 |
5 |
| Jan 16 |
31 |
$1,196/sf |
73 |
8 |
| Jan 23 |
33 |
$1,201/sf |
71 |
7 |
| Jan 30 |
37 |
$1,218/sf |
70 |
6 |
| Feb 6 |
34 |
$1,236/sf |
75 |
12 |
| Feb 13 |
43 |
$1,333/sf |
68 |
11 |
| Feb 20 |
39 |
$1,392/sf |
71 |
18 |
| Feb 27 |
37 |
$1,323/sf |
68 |
22 |
| Mar 6 |
49 |
$1,222/sf |
56 |
20 |
| Mar 13 |
49 |
$1,312/sf |
49 |
22 |
| Mar 20 |
46 |
$1,321/sf |
52 |
25 |
| Mar 27 |
50 |
$1,329/sf |
52 |
25 |
| Apr 3 |
49 |
$1,342/sf |
51 |
23 |
| Apr 10 |
50 |
$1,321/sf |
57 |
24 |
| Apr 17 |
47 |
$1,342/sf |
59 |
26 |
| Apr 24 |
49 |
$1,281/sf |
63 |
28 |
| May 1 |
53 |
$1,227/sf |
62 |
23 |
| May 8 |
55 |
$1,122/sf |
63 |
19 |
| May 15 |
57 |
$1,211/sf |
59 |
19 |
| May 22 |
59 |
$1,170/sf |
61 |
19 |
| May 29 |
60 |
$1,171/sf |
60 |
17 |
| Jun 5 |
70 |
$1,178/sf |
55 |
15 |
The $4,000,000+ Market:
| Date |
NSDCC Active Listings |
Avg. LP/sf |
Avg. DOM |
# of Pendings |
| Jan 2, 2023 |
121 |
$1,744/sf |
126 |
21 |
| Jan 9 |
119 |
$1,716/sf |
123 |
20 |
| Jan 16 |
120 |
$1,761/sf |
121 |
26 |
| Jan 23 |
122 |
$1,707/sf |
119 |
27 |
| Jan 30 |
120 |
$1,680/sf |
121 |
30 |
| Feb 6 |
125 |
$1,714/sf |
118 |
28 |
| Feb 13 |
121 |
$1,750/sf |
116 |
32 |
| Feb 20 |
129 |
$1,725/sf |
112 |
33 |
| Feb 27 |
124 |
$1,743/sf |
115 |
31 |
| Mar 6 |
122 |
$1,753/sf |
109 |
28 |
| Mar 13 |
120 |
$1,782/sf |
109 |
32 |
| Mar 20 |
129 |
$1,783/sf |
106 |
28 |
| Mar 27 |
127 |
$1,781/sf |
106 |
27 |
| Apr 3 |
131 |
$1,774/sf |
105 |
27 |
| Apr 10 |
136 |
$1,788/sf |
107 |
24 |
| Apr 17 |
140 |
$1,776/sf |
108 |
27 |
| Apr 24 |
141 |
$1,771/sf |
107 |
31 |
| May 1 |
142 |
$1,760/sf |
105 |
30 |
| May 8 |
140 |
$1,737/sf |
104 |
32 |
| May 15 |
141 |
$1,812/sf |
107 |
37 |
| May 22 |
145 |
$1,816/sf |
106 |
29 |
| May 29 |
142 |
$1,846/sf |
110 |
36 |
| Jun 5 |
152 |
$1,791/sf |
107 |
31 |
NSDCC Weekly New Listings and New Pendings
| Week |
New Listings |
New Pendings |
Total Actives |
Total Pendings |
| Jan 2, 2023 |
11 |
6 |
263 |
89 |
| Jan 9 |
36 |
15 |
277 |
88 |
| Jan 16 |
36 |
34 |
266 |
114 |
| Jan 23 |
36 |
22 |
269 |
116 |
| Jan 30 |
32 |
25 |
272 |
123 |
| Feb 6 |
46 |
33 |
275 |
131 |
| Feb 13 |
30 |
35 |
265 |
150 |
| Feb 20 |
43 |
34 |
274 |
158 |
| Feb 27 |
27 |
30 |
260 |
165 |
| Mar 6 |
45 |
28 |
276 |
150 |
| Mar 13 |
38 |
38 |
274 |
154 |
| Mar 20 |
39 |
37 |
265 |
164 |
| Mar 27 |
36 |
25 |
267 |
153 |
| Apr 3 |
37 |
28 |
271 |
143 |
| Apr 10 |
36 |
39 |
272 |
151 |
| Apr 17 |
47 |
27 |
291 |
157 |
| Apr 24 |
46 |
41 |
282 |
167 |
| May 1 |
59 |
31 |
288 |
159 |
| May 8 |
53 |
26 |
310 |
151 |
| May 15 |
48 |
31 |
315 |
157 |
| May 22 |
50 |
24 |
332 |
145 |
| May 29 |
43 |
37 |
325 |
154 |
| Jun 5 |
43 |
17 |
352 |
137 |
NSDCC Weekly LP Quartiles
| Week |
1st Quartile |
2nd Quartile (Median LP) |
3rd Quartile |
| Jan 2, 2023 |
$2,095,000 |
$3,695,000 |
$5,995,000 |
| Jan 9 |
$1,990,000 |
$3,495,000 |
$5,775,000 |
| Jan 16 |
$2,000,000 |
$3,574,000 |
$5,995,000 |
| Jan 23 |
$2,099,000 |
$3,595,000 |
$5,999,000 |
| Jan 30 |
$2,195,000 |
$3,525,000 |
$5,942,000 |
| Feb 6 |
$2,195,000 |
$3,598,000 |
$6,845,000 |
| Feb 13 |
$2,300,000 |
$3,795,000 |
$6,495,000 |
| Feb 20 |
$2,397,500 |
$3,950,000 |
$6,197,500 |
| Feb 27 |
$2,480,800 |
$3,970,000 |
$6,845,000 |
| Mar 6 |
$2,395,000 |
$3,749,500 |
$5,995,000 |
| Mar 13 |
$2,397,000 |
$3,772,500 |
$5,997,000 |
| Mar 20 |
$2,580,000 |
$3,995,000 |
$6,800,000 |
| Mar 27 |
$2,595,000 |
$3,995,000 |
$6,845,000 |
| Apr 3 |
$2,699,000 |
$3,995,000 |
$6,750,000 |
| Apr 10 |
$2,799,500 |
$4,074,997 |
$6,895,000 |
| Apr 17 |
$2,600,000 |
$3,995,000 |
$6,597,000 |
| Apr 24 |
$2,685,000 |
$4,074,997 |
$6,895,000 |
| May 1 |
$2,695,000 |
$3,999,000 |
$6,495,000 |
| May 8 |
$2,525,000 |
$3,849,949 |
$5,946,000 |
| May 15 |
$2,495,000 |
$3,749,400 |
$5,950,000 |
| May 22 |
$2,444,000 |
$3,695,400 |
$6,000,000 |
| May 29 |
$2,495,000 |
$3,699,000 |
$6,395,000 |
| Jun 5 |
$2,450,000 |
$3,641,500 |
$6,000,000 |
