The market has been hot lately because the inventory is low.  There are only 5,880 detached, and 3,043 attached active listings in the MLS – about 38% of what it was in September 2007.

Waiting buyers are frustrated and should be jumping at new product – how are the June listings faring?

This is the chart of all the detached listings that came on the MLS in June, and the number that have gone pending.  If the market is hot, and realtors price them within 5-10% of being right, we should see a third or half of new listings selling:

Those towns are hot – there are plenty of buyers waiting, and close to half of every house listed sells right away. What about the ‘tonier’ parts of town?

Houses stand the best chance of selling when new on the market, yet SIXTY new listings have come on the MLS in Del Mar and Rancho Santa Fe, and NOT ONE of them have found a buyer?