We are in the middle of the home-selling season, which means this will be as good as it gets for 2023. The balance of buyers and sellers has been remarkably steady. Over the last 90 days, the number of active listings has been in a tight 10% range, and the pendings...
The recent bounce-back has been impressive with 183 NSDCC closings in March, which is better than the sluggish start that I expected. The 101% looks like a good sign too. Was it an overall market improvement that will keep growing? Or just a lucky stretch of...
Fewer homes for sale than last year? Look at the differences in metro-population too: Denver: 2,931,000 Las Vegas: 2,899,000 Nashville: 1,315,000 San Diego: 3,319,000 Today, our count is actually 2,114 homes for sale (all property types) in a county of 3,319,000...
We are right back into frenzy mode with more than a quarter of last month's sales closing over their list price. Was it required to win the home? Or has paying over the list price become more of a badge of honor for today's buyers? To complicate it further, look at...
We have received ten offers on our new listing, and have entered the highest-and-best round with responses due by 3pm today. A buyer asked me yesterday at what price could he end the bidding-war nonsense and just buy the house today. I told him that I couldn't speak...
We were flooded with buyers today! A constant flow of 3-6 groups at a time all to see our hot new PQ listing off the 56 and only one exit down from CCHS. Talk about a convenient location - within five minutes you can get to top-rated K-12 schools, shopping, grocery,...
Actives = green, Pendings = blue Last week, a reader suggested that we highlight the Under-$3,000,000 market. It is astonishing that in an area of 300,000 people, there are fewer than 100 houses for sale priced under $3,000,000 (and none under $1,195,000). Our...
It's natural for people to wonder how this will all play out. The Fed raising their rate until they crush inflation (and everything else), home prices are higher than just about anyone can afford, and inventory levels so low that prices will probably keep trending...
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. Four areas have MORE pendings than active listings, which is a sign of a red-hot market, and all areas except Rancho Santa Fe are...
Have the frenzy conditons become the norm? With Frenzy in the spring, and Not-Frenzy the rest of the year? Real estate agents/brokers/builders: what are you seeing in your local housing market right now? Note that the negative comments below are mostly the usual...
