Historically the market has felt healthy and balanced when we’ve had a 2:1 ratio of actives vs. pendings.

Remember when the Ranch was 10:1 for years? Now look at the market – especially on the lower-end:

NSDCC Actives and Pendings

Carlsbad, a town of 110,000+ people, has 29 houses for sale?

It’s probably going to get crazier too as the traditional selling season opens up and we see a few more listings trickle out. It would take a flood of new listings to cause the market to slow down now.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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!

See Full Bio