It feels like we have been experiencing sharply-rising prices, especially on the higher-end.

There should be some relief coming – here is the history of asking prices for San Diego County, broken down into the 25th, median, and 75th percentiles by our friends at the Department of Numbers:

Sellers are exuberant in early spring, then as inventory grows, their pricing power starts to wane.  Or at least it has in the recent past!

Sellers will know quickly if their price has a chance – the buyer feedback is immediate, and a great guide. On my MLS hotsheet yesterday, there were 18 of the 31 new pendings that had a market time of less than 10 days.

But it was also the first time I could remember in the last couple of months that the new pendings didn’t equal the number of new listings (51:31).