October sell requests climb to a 3-month high

October’s Development ID data recorded 1,362 sell requests, 58% more than September and the highest monthly total in the past three months. 

Transactions by sell requests

Sell requests across the Development ID platform represent the number of requests developers and project marketers received from agents looking to sell to buyers.

Compared with 859 in September, October’s total of 1,362 signals an upward trajectory of growth.

Stock transacted by price range

The $500k-$750k bracket led all price ranges in October at 36%, up from 25% in September and the top spot for a third consecutive month.

The $750k-$1m bracket held steady at 22%, while the sub-$500k bracket came in at 16%, compared with 17% the month prior.

Mid-market activity softened slightly, with the $1m-$1.5m bracket at 13%, compared with 14% in September, and the $1.5m-$2m bracket at 8%, compared with 12% the month prior.

Activity above $2m remained selective, with $2m-$3m at 4%, compared with 7% in September, and $4m-$5m holding at 1%.

Stock transacted by configuration type

One-bedroom homes led transactions for a fourth consecutive month in October at 60%, up from 56% in September. 

Two-bedroom stock represented 23% of transactions, compared with 26% the previous month. Three-bedroom homes accounted for 4% of activity, a shift from September’s 16%.

Land made up 13% of transactions, a new addition to the configuration mix this month.

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