NSDCC First Third of 2016

by | Apr 30, 2016 | Jim's Take on the Market, North County Coastal, Sales and Price Check

updown

Today we are wrapping up the first third of 2016!

We complain about low inventory, but we’ve had more NSDCC houses listed in the first four months of 2016 than any year since 2011:

Year
Jan-Apr New Listings
Jan-Apr Closed Sales
NL/CS Ratio
2005
1,778
958
1.86
2006
2,232
847
2.64
2007
2,022
848
2.38
2008
1,988
587
3.39
2009
1,919
509
3.77
2010
1,919
726
2.64
2011
1,986
787
2.52
2012
1,684
849
1.93
2013
1,822
975
1.87
2014
1,746
839
2.08
2015
1,745
907
1.92
2016
1,855
814
2.28

This is the first time since 2006 that we’ve had the new listings increase, and sales decrease!

Using the NL/CS ratio, can we say that a market that is under 2.0 is a hot, and over 3.0 is scrambling-to-get-out?

Then is 2016 just a ‘normal’ market?

P.S. Statistics have quirky coincidences, and I double-check any time we have one. We had the exact same number of new listings in 2009 and 2010!

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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