Previously we experienced a healthy market when actives outnumbered pendings 2:1. Then as the market heated up, we got used to the 1:1 ratio. Now we have areas where the ratio is more than 1:2!
NSDCC Detached-Home Active and Pending Listings
|Town or Area|
What can buyers do?
Going inland doesn’t help – the 92127 and 92131 are hotter than ever.
Just go up in price – La Jolla is nice this time of year!
We will re-visit these numbers in the coming months.