The number of NSDCC active listings is 19% higher than it was at this time last year, and the pendings are -12%......although the total number of pendings is a little higher than it was last month. Over the last three months, the number of pendings are running 20-30...
There isn't as much fluff as we used to have in the pre-pandemic days. In March 2019, there were 6,026 homes for sale, but only 2,554 sold, which means there were lots of sellers and agents on the open market who were in price-discovery mode - and they found out what...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. In the recent years prior to the pandemic, the actives/pendings in Rancho Santa Fe ran at a 10:1 pace. Nobody is in a hurry...
Let's break down the active and pending listings by zip code is to give you a closer look at the neighborhood stats. We're going to have more active listings simply because the the list prices were all based on red-hot frenzy conditions (comps + 5% or more), and...
Buyers thought this was a holiday weekend, and sellers didn't! It was the week that the actives-to-pendings ratio between La Jolla and Carlsbad crossed back over the ideal 2:1 range, which is what we have observed to be the sign of a healthy market in the past. Last...
Even though real estate is local, the homebuyer psychology tends to be similar across the country - mostly because people are people, and have similar reactions to every variable. When they see mortgage rates go from 3% to 5.5% in less than six months, it's only...
The talking heads are saying that higher rates are slowing sales, and I say it's the lack of inventory. If higher rates were the cause, we would see more active listings piling up. This chart shows how the pendings have dropped off from last year - especially those in...
Let's see which areas are picking up steam early in the selling season: We used to think that a normal and healthy market has a ratio of 2:1 actives to pendings, so it's stunning to see five areas that have 3x the number of pendings as actives! And SE Carlsbad has...
It's the end of February, yet we're not close to having the same market as last February. Heck, we're fighting to get back to December's numbers: Did you ever think we'd be hoping to just get back to having the same market as in 2021?
Tom asked on our Facebook page about getting the actives and pendings data for San Diego County. Here is the InfoSparks data from the SDAR Resources page on the MLS - they are interactive so scroll over the graph lines for the exact counts: The first graph charts the...
