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Actives/Pendings

Posted By Jim the Realtor On February 19, 2010 @ 5:57 am In Actives/Pendings,Market Conditions,Thinking of Buying? | 13 Comments

The ratio of active listings to pendings has been a decent gauge of the market’s relative health.

Here’s our scorecard, historically, of the ACT/PEND ratio:

0-2 Hot market

3-4 Regular market

5-6 Market in trouble

7-8 Too many choices

9+ Freefall

Here are the active and pendings listings:

Town or Area	ACT Reg	ACT SS	ACT Reo	ACT Total	CONT/PEND	A/(C+P)
Carlsbad	236	24	6	266	60/151	1.21
RB West	123	28	3	154	48/54	1.51
Carmel Valley	112	7	3	122	22/47	1.77
EncinitasCrdff	181	12	5	198	25/68	2.13
La Jolla	182	8	2	192	15/33	4.00
RSFDMSB	377	6	7	390	23/42	6.00

The market is smoking hot when actives-to-pendings ratios are under 2:1 in a number of areas. The restricted inventory is the cause, and now a primary market indicator. But if inventories start to increase, some pent-up demand may gobble them up – where does it start to balance (or tip over)?

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