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...
Although the San Diego metro market is leading the nation in YoY inventory reductions, the active (unsold) listings are piling up in the La Jolla-to-Carlsbad market (above). It means more sellers aren't realistic about their price, and the best time to sell a house...
Today, we have the highest number of active listings of the year, and the lowest number of pendings since the first week of February. There were only 17 new pendings since last Monday, which is the lowest weekly total since the beginning of January. Were buyers on...
These charts and graphs get updated on the first of the month, so let's take in the latest data. Everyone laments the general lack of inventory, but can we break it down further? Yes indeed - and let's note that the higher-end inventory was bustling during the...
The stacking up of unsold listings took a breather this week. It was the best week of May for both the lowest number of new listings (43) and most new pendings (37), which is remarkable, considering it was a graduation/holiday week for many. Hopefully it's a sign that...
