Will April be the peak month of buyers paying over the list price?
NSDCC Detached-Home Sales, % Closed Over List Price
Hard to imagine that there will ever be another month where nearly three-quarters of the home buyers end up paying over the list price!
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How about those $3,000,000+ home buyers!
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NSDCC Average and Median Prices
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Whoops – after the average sales price went up 7% MoM in January, 9% in February, and 8% in March, it dropped by 2% in April.
Same here – after the median sales price went up 4% MoM in January, 7% in February, and 10% in March, it dropped 2% in April too!
The median sales price could drop another 15% this year and still be in positive territory for 2022. Yet it would feel like a complete meltdown of epic proportions!
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