The new inventory has been fairly steady here in the middle of the prime selling season. Another 89 new listings since the last reading, and their list prices averaged $526/sf. We had 74 new pendings whose list prices averaged $357/sf, and their median DOM was 16 days on market:
|Date||NSDCC Active Listings||Avg. LP $$/sf|
There is a rolling blob of over-priced turkeys being ignored, while a healthy under-current of selling is happening all around. Of the 74 new pendings, 32 of them were in the tonier La Jolla-to-RSF area.