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
|Town or Area|
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.