Thanks to the people who sent in the articles on U.S. existing-home sales in January being the best in ten years. How did we do locally?
We saw that detached-home sales between La Jolla and Carlsbad were about the same as recent Januarys:
NSDCC January Sales
Here are the detached-home sales for the entire county – best since 2013!
San Diego County January Sales
Rates are higher, prices are sky-high, and uncertainty is everywhere. How can the housing market be so vibrant?
I think both supply and demand are affected by the Hunker-Down effect.
Current baby-boomer households have already moved up a couple of times and are satisfied with what they have – and don’t want to rock the boat.
Buyers want to hurry up and buy before anything else goes wrong!