Over List, April | bubbleinfo.com

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

Month	# of Sales	Avg. LP	Avg. SP	Median LP	Median SP
Feb	224	$2,298,797	$2,257,334	$1,719,500	$1,758,000
March	252	$2,295,629	$2,260,524	$1,800,000	$1,825,000
April	357	$2,396,667	$2,403,962	$1,799,900	$1,828,000
May	300	$2,596,992	$2,581,715	$1,900,000	$1,994,500
June	348	$2,509,175	$2,537,953	$1,900,000	$1,967,500
July	311	$2,421,326	$2,442,738	$1,795,000	$1,855,000
Aug	268	$2,415,075	$2,438,934	$1,897,000	$1,950,000
Sept	278	$2,479,440	$2,445,817	$1,899,000	$1,987,500
Oct	248	$2,754,470	$2,705,071	$1,899,000	$1,899,500
Nov	199	$2,713,693	$2,707,359	$1,999,000	$2,100,000
Dec	189	$2,686,126	$2,664,391	$1,985,000	$2,157,500
Jan	140	$2,828,988	$2,855,213	$2,234,944	$2,240,000
Feb	156	$3,058,406	$3,104,854	$2,149,500	$2,386,500
Mar	206	$3,254,033	$3,342,384	$2,425,000	$2,625,000
Apr	224	$3,205,239	$3,267,447	$2,372,500	$2,575,000

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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