The sellers aren't done yet! Look at the bump in actives about the same time last year! It may feel like we're due for an end-of-summer sale, but the pendings dropped in 2024. In the last week, there were 24 listings that were marked pending - do you think there will...
Many thanks to Lance for providing more great data! It is very realistic that the inventory will be at much higher levels by this time next year - just from the amount of unsolds that will drag into the new year. Lower rates won't be enough to save all sellers - or...
It looks like the inventory has finally peaked for 2025 - phew! But it also means that there be fewer creampuffs - and more refreshed listings - coming to market the rest of the way. Think the inventory is stale now? It will most likely get worse. Want to predict the...
There was a 17% increase in pendings this week, which is in line with last year when the last week of June was the high point for pendings in 2024. This week should be fruitful too. Here are new pendings this week to help demonstrate the...
The San Diego metro area is considered 'Warm' by realtor.com, but only because of the fantastic start we had this year. Our ranking among other metros is plummeting: Jan: #65 Feb: #72 Mar: #96 Apr: #132 My green arrow above points out how if it weren't for the hot...
Wow - the stack of unsold listings keeps rising, and now up to 612! Comparing to recent years: 2022: There were 15 weeks when the number of actives was between 400-500. 2023: Only three weeks when the standing inventory was just over 400. 2024: There were 28 weeks...
The number of homes for sale between La Jolla and Carlsbad is 15% above the highest count in 2024 - which was in mid-July. Where will we be next month? I thought many would be giving up by now, but instead more are pushing to get out. Are they aware of the difficulty,...
Last week I thought inventory might have peaked for the year? The dip from the previous week was all from high-end listings, some of which are now being refreshed and coming back on as new listings. Even though the lower-end inventory is rising steadily, at least the...
It's obvious this year that the market is tough and sellers aren't able to demand everything they want like before. It will probably cause more sellers to cancel sooner, and others to not try at all. The inventory count may hover around 500-ish for a couple of more...
The assault on the record book continues! We have the most homes for sale since before covid - when pricing was less: Yet, 500+ homeowners are scoffing at those gains - they want more! The $0 – $2,000,000 Market: Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of...
