Potential home sellers have been believing that 2023 isn't a good time to sell a home, and the media is feeding that perception. Our local market will probably keep fading away for the rest of the year, though let's review my two rules of thumb about when is the best...
The number of homes for sale between La Jolla and Carlsbad will probably decline for the rest of 2023, even though the pendings counts are as high as they have been all year. Is the number of pendings higher because pricing is soft, and getting softer? Generally, the...
It looks like the inventory between La Jolla and Carlsbad may have peaked for 2023. After the inventory shortage we've experienced, it's hard to imagine a surge of new listings in August/September. The pendings count is at their highest point of the year! Hopefully we...
In the past week, there were 18 FEWER new listings and 15 MORE new pendings than the week before - and boom, the mid-summer surge continued....but only for some, not all. A good example of the current market conditions is one of the La Costa Valley 6 that we've been...
In normal times, around 60% of all listings would sell. During the hottest frenzy times, it was up over 80%! But now with the number of active listings rising like a rocket, it probably means a couple of things: The 2023 selling season is closing out. Half of the...
The number of active listings breached the 400 level this week for the first time since October. In 2022, the high mark of active listings was 480 on July 25th - here's how last year looked: LAST YEAR: Last year, the pendings count dropped off steadily once rates went...
The number of pendings surged with the largest weekly gain of the year - 48 detached-home sales between La Jolla and Carlsbad opened escrow since last Monday! This year's previous weekly high was 39. There should be another 2-3 weeks of heightened activity as buyers...
Yoohoo - home sellers? You may want to adjust your price expectations! What does the practically-vertical trend in active listings mean? It means home buyers are getting pickier. They are emboldened when they pass on a house, and then see everyone else passed on it...
San Diego is the #1 area that homeowners don't want to leave! Don't you get the feeling that we are going to out-perform every other real estate market in America for a long time to come? Today we have 2,293 active listings of attached and detached homes in the county...
The active (unsold) listings keep stacking up, and the pendings are drifting off - which means sellers are content to let their price ride, rather than adjust. They're not going to give it away! NEWS FLASH: We are running out of time. Next Saturday is July 1st! In the...
