You can see the hot spots around our area from comparing the actives to pendings. We have seen in the past that a 2:1 actives-to-pendings ratio is a good barometer to indicate a ‘healthy’ marketplace.
With short sales being approved faster and buyers hanging on, I’ve included the contingent listings with the pendings. Here is how the detached-listing counts break down:
|Area or Zip Code||ACT||C+P||Ratio (X:1)|
|San Elijo Hills||27||62||0.43|
To see every area except the ultra-highenders be well under the 2:1 ratio is remarkable.