The national homes-for-sale inventory is on the rise (reported here), but it’s just another vague soundbite. The local numbers are what matter – here are today’s active listings of detached-homes between La Jolla and Carlsbad:
| Date | NSDCC Listings | Avg. LP $$/sf |
| Jan 14 | ||
| Feb 4 | ||
| Feb 10 | ||
| Feb 25 | ||
| March 6 | ||
| March 11 | ||
| March 16 | ||
| March 23 |
How does the new listings coming on the market compare to previous years? Here are the total number of NSDCC detached-homes listed between Jan. 1st and March 20th:
| Year | New Listings | Avg. LP-per-sf |
| 2011 | ||
| 2012 | ||
| 2013 |
Not much difference in the count year-over-year, but the +12% increase in the average list-price-per-sf is noteworthy. Why are sellers so optimistic? Closed sales are up 15% YOY:
| Year | Closed sales | Avg. SP-per-sf |
| 2011 | ||
| 2012 | ||
| 2013 |
The 6% YOY increase in average cost-per-sf should be on the rise.
Look who showed up on dr. housing bubble
http://www.doctorhousingbubble.com/california-housing-inventory-record-all-cash-buying-and-bidding-wars/#more-6450
That ranks equally with me making the cover of NAR Magazine as the most unlikely things to ever happen.