Historically we have considered our market to be relatively ‘healthy’ when the actives-to-pendings ratio is around 2.0. Here are the latest ratios for the detached-home market from La Jolla to Carlsbad:
|Oct 28, 2015|
|Feb 1, 2016|
|Mar 23, 2016|
|June 21, 2016|
|Aug 17, 2016|
|Dec 4, 2016|
For those wondering how we will get out of the gate in 2017, consider how fast the market picked up last year – by mid-March, we were already in full-tilt boogie mode, reflected in the lowest ratio of the year!
Here are today’s Actives/Pendings for each area. Except the ultra-highenders, we’re doing as well, or better, than in summertime!