We've used the ratio of active-listings-to-pending-listings as a measure of the overall 'health' of the market, with a 2:1 ratio being about right. This is how it looked earlier this year, on February 23, 2015:...
Actives-to-Pendings Ratio
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Actives/Pendings
Market Check
The month of March is wrapping up next week, and we're heading into the Easter/Spring Break period. Local buyers who might take some time off will be offset by the out-of-towners coming in for a look. The market seems very balanced currently, and our 'market health'...
North SD Actives/Pendings
How 'cooking' is it? In NE Carlsbad, Solana Beach, East Rancho Bernardo, and Rancho Penasquitos there are more houses pending than active - that's scorching hot. Places where the Actives-to-Pendings are better than a 2:1 ratio are doing well. Here are the stats in...
NSDCC Actives and Pendings
Back when we had a normal market, it was considered 'balanced' or 'healthy' to have a 2:1 ratio of active listings to pendings. Now that the Fed's QE is over, and mortgages are slightly easier to get, today's environment is probably as close to normal as we're going...
Natalie Klinge
It was quite a day today, but hey, they're all great days! I think we are as busy as we've been all year, and for one reason. Logic and common sense are returning to the market. They are being fueled by Zillow and Trulia, because they are providing a baseline - some...
Inventory Watch – Frenzy Lite
The $800,000 - $1,400,000 market has been red hot as of late. But its inventory count grew 7% this week, and pricing and square footage also faltered. We'll call it noise for now, and check again next week: North SD County's Coastal Region (La Jolla-to-Carlsbad) The...
Selling Early
In the previous video, Brandi mentioned that sellers enjoy a real urgency early in their listing period. Today's market is a good example - because every decent buy gets snapped up right away, all new listings get immediate attention. The North SD County coastal...
Market Bifurcation
We've seen how our local market has been split, with the lower end being red hot, and the upper price range is, well, not hot. In talking to RSF agents yesterday, we agreed that the recent frenzy has yet to visit the Ranch. Here are NSDCC active listings compared to...
Encinitas McMansion
It's probably just the holidays but there are a fair amount of the standard newer tract homes lying around these days. The average pricing is grouped fairly close together between active and sold listings - it appears that buyers are just being very selective at what...
Short Sales Winding Down?
Fannie Mae's new requirement that all HAFA short sales to be active on the MLS for at least five days amounts to shutting the barn door after the horses have escaped: On or after August 1, 2013, all properties being considered for a standard short sale/HAFA II must be...
