We have plunging sales mostly due to plunging inventory! The supply and demand has plunged at the same time, and there is no way to know that if the inventory were to grow, would there be enough buyers to soak it up? Today's inventory is full of the leftovers that...
We're down to 127 pending escrows, and with the current events getting more negative every day, the local real estate action should quiet down considerably for the rest of the year. The $0 – $1,500,000 Market: Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of...
By the end of last year, the active-listing count was down to 288, so there should be a steady decline over the next three months - with more sellers cancelling their listing than selling. The pricing ride through 2023 has been bumpy - and the similarities today to...
Most people - especially agents - are experiencing a tough year for real estate sales. How tough is it? Here is how the numbers looked a year ago - they are about the same: It means that the current market conditions will probably extend well into next year, or...
According to Bill's post, there were almost as many San Diego sales in August (2,049) as there were new listings (2,323)! The 197 NSDCC sales we had in August were the most monthly sales in 2023, and we already have 96 NSDCC closings in September....which means we...
Last year the inventory stayed elevated through October as everyone was distracted by the Padres' playoff run. Yesterday's win was the fourth Padres victory in a row and keeps their playoff hopes alive with 12 games to go. Can they pull it off? If they do, it will...
It still looks like a healthy-enough market! The number of pending listings is probably all that matters because it means that buyers are still in the hunt. How much longer will they keep buying before the holidays kick in? Halloween decorations are on sale! The $0 –...
The late-summer rally has been incredible, and quite surprising to those who read social media. The summer surge in the number of pendings has caused the highest number of NSDCC monthly closings of the year last month - and the median sales price held up too at...
A tough week - the number of active listings went up by 24, and the pendings count dropped by ten - which sounds like a bunch of escrow fallouts. We should be facing an epidemic of escrows falling apart. The buyers' remorse - which has always been real and deadly -...
The hurricane was like our real estate market. A whole lot of build up but not much real action around the coast, with the only things of note happening in the dark of night! Link to flood photos The Padres are cooked, and real football doesn't start until September...
