Was There Some Panic in 4Q?
We’re going to start a contest for Padres tickets in the new year, so let’s get a read on how things wrapped up in 2018.
We know that NSDCC sales were down 10%, and the median SP was up 8%. Sales of detached homes in San Diego County were down 11%, and the median sales price was up 7%.
If sellers were feeling a sense of panic about the market – and prices – we would be seeing more new listings hit the market.
Have there been more listings than usual lately?
NSDCC Listings, 4th Quarter
The other comparisons we’ve done have shown that the 2018 stats have mostly been similar to previous years. But once we have the complete total for new listings, it looks like the 4Q18 number is likely to be at, or above, all of the recent years. It’s already 12% above last year, and the MLP is actually lower.
There were fewer December listings, but that means the October/November count was higher than ever. With soggy conditions in place already, did potential sellers this month decide to wait for a 2019 launch?
Will we see a surge of new listings in early 2019?