This chart shows identifies the hot spots, and not-so-hot spots, as compared to last year. Southeast Carlsbad and Carmel Valley both have substantially more pendings this year, and NW Carlsbad and Encinitas have roughly double the number of actives and where potential gluts might be forming.

Overall, there are 25% more active listings, and 21% more pending listings – so much of the additional inventory is getting soaked up.

Pricing is about the same as last year:

NSDCC Median List Price of Active Listings

May 15, 2023: $3,749,400

May 15, 2024: $3,895,000

NSDCC Median Sales Price in May

2023: $2,362,500 (178 sales)

2024: $2,310,000 (68 sales so far)

After last month’s eye-popping 200 sales, there was some hope that this month would be equally productive. But it looks like we’ll be fortunate to match last May’s count.

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