This is the breakdown of the NSDCC active listings. Only 38% of them are in La Jolla and Rancho Santa Fe, so there are plenty of more reasonably-priced options. But the common thread of these unsolds is that they must not be trying too hard to sell. I say that because...
The number of houses and condos for sale in San Diego County is 44% higher than last July - and well above any count during the pandemic. Let's also note than in the 2024 inventory kept rising in August and September - we're not done yet! If it goes the same way it...
After months of chaos and no relief from high mortgage rates, how many of us thought the pendings count would be higher today - in August - than it was at this time last year? Maybe it's a delayed response after Liberation Day caused the dip in April? The increase in...
What we have is an extra ~100 active listings this year. It hasn't discouraged buyers or sellers, based on the statistics. Here's the YoY distribution by price range. NSDCC Active Listings Compared to 2024: 0-$2,000,000: same $2,000,000 - $3,000,000: +30% $3,000,000 -...
Sellers aren't giving up yet, and with the additional inventory available, it could happen that the number of pendings this year might exceed last year's count for a week or two (green line crosses over the blue line above). What a delightful end-of-summer treat that...
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...
