Two days left! San Jose, CA, emerged as the fastest-moving market in the U.S. in February. A typical home there waited for a buyer for just 22 days, even though the median home list price in the wealthy Silicon Valley hot spot stood at an eye-watering $1.3 million....
NSDCC Total Number of New Listings, Jan 1 to Mar 15 The number of listings hitting the market is higher than it's been, and there will be more late-reporters adding to the 2025 count in the coming week or two. I've been a regular customer of Rancho Photos since 2012....
Will there be a point when the unsolds start affecting the buyer enthusiasm? Will the unsolds impact the ability of the hot new listings to fetch top dollar? Or will all listings be affected, like in the photo above? NSDCC Active Listings Buyers are finding it easier...
Generally speaking, each of the 2025 quartiles is lower today than they were last year, and the median list price is down to $4,000,000 - which is 11% lower than it was at the start of the year. It's because the lower end has been cooking, and the higher-end not so...
Since October, I've been blabbing on and on how there were several reasons why the pent-up supply was finally going to bust loose in 2025. If you want to sell your house this year, you better get on it. It's more than just an isolated or local thing. Look at the stats...
Here's the full story so far but you know what triggered this move. Warren has to be as madder than Reffkin over the arbitrary penalties from the NAR, and their vig was 5x what Compass had to pay: What will be the impact locally? Combining the #1 and #2 brokerages...
We closed the escrow on Clemens today! Bidding wars can typically go up to 10% over the list price. Even a novice agent can pull it off just by having their listing on the open market. But buyers get jittery going any higher than +10% and without having a great agent...
I think most agents would agree that once their new listing has been on the open market - and unsold - for two weeks, the action dies down considerably. Then the showings, if any, become vague and laborious because all of the motivated buyers have already seen it and...
A nice pop in the percentage of sales closing over their list price - much like last February. Last year, the peak month was March, and then it dropped in half by summertime. NSDCC Monthly Sales & Pricing Sales last month didn't get close to last February, but the...
It's a hot topic among real estate agents, but how widespread are the off-market sales? We saw that in the last blog post that 155 NSDCC homes that have gone pending this year have already closed escrow. But let's back it up to get a bigger sample and look at all of...
