The Case-Shiller Index is such old news that I forgot all about it yesterday.
It looks like “pricing” started to flatten out earlier last year, which sets up the 1Q25 for small-ish gains:
In more-relevant news…..this date, February 26th, fell on a Monday in 2024. It allows us to compare the inventory on the same dates:
NSDCC Active Listings:
2024: 324
2025: 368 (+14%)
There are also 30 more in the Coming Soon bin, plus private exclusives at all brokerages. If we just add the Coming Soons to this year’s count, the YoY change is +23%.
The surge in listings is underway, but it’s just not that obvious yet. Stay tuned, and don’t be surprised if pricing is hot early, then flattens out by March or April.
