Bill provides a ton of relevant data and it helps show how the real estate trends reflect the human condition - the same things are happening everywhere: I've been thinking that there will be 15% to 20% more inventory this year, but so far the flow has been subdued...
The local market isn't at the frenzy level, but can we at least call it stable? Last month there were 18% of the sales that closed over their list price. There were 41% of the sales that closed for at least $100,000 under their list price. If roughly 60% of the sales...
We started signing new listings in October in anticipation of the market getting off to a fast start early, just like last year. So far, so good: NSDCC January Action The previous years are sold listings that went pending in January. In 2025, most of the 126 are...
In the post-settlement world where agents are expected to prove their value, Compass will soon unveil a new client-facing portal that it says will streamline the transaction process for buyers and sellers while also helping its agents build more business. The new...
My predicted surge in inventory is underway - look at the navy-blue line above. There are 363 active listings between La Jolla and Carlsbad today, and once the Super Bowl is out of the way, we should really get rocking. It should easily reach 400 before the end of the...
It never occurs to the experts that higher prices have something to do with the locked-in effect, and that home sellers have to move to where it's much cheaper to make it worth moving. For those who pay cash for their next home, having a 3% mortgage didn't keep them...
Ok, we're rolling now! There are 337 NSDCC active listings today. We didn't hit that number until mid-March last year, and in 2023 we didn't reach that many until mid-May! The number of pendings did rebound but they are still under where they were in the last two...
I thought that this would be the week that the surge of new listings would start to appear, but not yet. There have only been 167 new listings this month between La Jolla and Carlsbad, which is about the same pace as last January. The monthly closed sales are about...
It's common that when the residential resale market feels slower, the participants shrug it off by saying, "It just takes longer to sell these days." It is a too-quick opinion that masks the real problem, which is: It's taking longer for sellers to admit how wrong...
