Bill is showing a 9.4% decrease in SD May sales, year-over-year. But around the north coastal area, sales have been holding up. The NSDCC sales in May were +7% YoY, and for the first five months, it's +6%! We can live with those! The number of off-market sales (which...
Usually, the lowball season is limited to the 4th quarter each year. With the excess inventory today, some buyers will be attempting to get a deal now. Buyers - Where do you start? Getting a deal on a fixer can be counterproductive because of the time and money needed...
Hunch: 'Rebalancing' might take longer than expected. Executive Summary San Diego housing market exhibits a pronounced -2.38% YoY price decline with 3,245 unit surplus inventory, creating a buyer-favorable landscape with 29.6% of listings showing price cuts (+50.3%...
The current chaos combined with the decline of the buyer-agent is causing buyers to stay on the couch - unless they see a compelling deal online. With high rates and prices, you can't blame them for being very picky! Yet there are still lucky sales happening. Ones...
The takeaways from the graph above will be different for different people. Not suggested: Those who did negotiate probably didn't get much of a discount. Most buyers and sellers were satisfied their agent was worth it. Better agents are prevailing. Why is it important...
Almost one-third of last month's buyers paid over the list price.....for the fourth month in a row! Either sellers are being smart about pricing attractively, or a fair amount of the buyers and buyer-agents haven't gotten the memo about the tougher market conditions....
Our head cheerleader is back at it. He is predicting that sales and pricing will increase this year, which is optimistic: Here are the local YoY comparisons: It's been a miracle that sales and pricing this year have kept up with the 2024 numbers. Any Fed rate cuts are...
Last week I thought inventory might have peaked for the year? The dip from the previous week was all from high-end listings, some of which are now being refreshed and coming back on as new listings. Even though the lower-end inventory is rising steadily, at least the...
Here's an example of how home sellers can get jammed up by lower sales in the surrounding area and the market turning. During the frenzy, any lower-priced sales nearby were shrugged off by the anxious buyers who just wanted to get any house at any price. Not now. Our...
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