Let’s look at the graphs that were updated with November’s data today:
About 50,000 people live in Carmel Valley, 92130, and only seven houses sold there last month?
The pricing is holding up for the few who do sell:
The wildest frenzy period was from Spring, 2021 to Summer, 2022 when the median DOM was really low for a year. Higher rates shook up this measurement, but it has since settled down in 2023:
This looks solid too – under 2 months is healthy:
The 92037 is La Jolla, which is higher-priced, but look at how similar the median sales price is around Carlsbad, Encinitas, and Carmel Valley now (graphs are interactive):
