The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at the health of the market in their neighborhood.
We’ve considered the market as healthy when there has been a 2:1 ratio of actives to pendings.
All areas are in good shape, with only three being less than full-green because the number of actives have creeped up slightly but whose pendings count is still strong.
Prior to the pandemic, Rancho Santa Fe was regularly a 10:1 ratio – now look at it!
We are tracking the average market times too. Any upward trends here would indicate market slowing:
No big concerns here either. While we were flying at 130 MPH in spring, we’re down to around 85MPH now, which is still a very nice cruising speed – and faster than normal!