We have enjoyed an incredibly consistent market recently!
If we see a surge in new listings, it would be welcome relief for buyers. They would have more to choose from, and temper the price expectations of sellers.
But we’re not seeing any change yet – in fact, the number of new listings has been so consistent, it is mind-boggling!
NSDCC New Listings, March 1-10:
Our record-high prices aren’t bringing out any additional sellers!
There should be more listings marked pending today, so the 38 should match or exceed last year’s 41.
Since it’s apparently been decided a while back to outsource fertility to meet our tax needs, we can create housing demand whenever we want. I don’t foresee a housing glut anytime soon in So Cal beach cities. In the last 10 years, it has been proven that when we need more buyers, we can import cheaper and higher quality buyers than California can provide.
Just as we don’t need to make our iPads here, we don’t need to make our home buyers here. Sellers with well kept homes in beach cities can afford to be cocky, imo.