The listings are starting to stack up. There is a fine balance where more supply would be soaked up by the excess demand. Boy, it's a fine line though because the inventory hasn't been blowing up: NSDSCC New Listings Per Month: Feb: 191 Mar: 227 Apr: 219 May: 161 At...
The inventory has been so low this year that any excess hasn't been noticeable....until now. In a hot market, the additional listings will get picked up by the stronger demand. But there will be a point when excess listings start stacking up. You can't blame it on the...
Last April was peak frenzy, and a main contributor was the lack of inventory....and there were 48.2% fewer listings last month? Holy Cow! This is primetime selling season and if there aren't homes for sale now, how much worse will it be the rest of the year? Here's...
Of course the minute I say that the inventory is going to stay low, it takes off. The normal graphs aren't working so I drew the changes on last week's graph above. The number of actives increased by 8% in one week! You don't see anybody giving them away either, so...
The lower-end is sizzling with more pendings than active listings, and the higher-end really isn't bad either with a ratio under 4:1 (there were years when the RSF market was 10:1): The unsold listings should start stacking up by next month and the number of actives...
We've already had 101 sales this month, and the weekly counts of new pendings have been solid. The NSDCC Under-$3,000,000 Market has 97 actives and 109 pendings! The median list price in the 3rd quartile is up almost $1,000,000 since the start of the year! Think what...
The number of active listings broke out of its range! But the flow is still a trickle: It's hard to tell whether we are starved for inventory or it's just enough. We'll know over the next four weeks as the spring selling season wraps up. Will there be a spurt of new...
Here is Bill's second look at the active inventories with more metros added. It is incredible how inventory is exploding elsewhere, yet San Diego has fewer homes for sale now than during last year's uber-frenzy. The Atlanta metro population is 6,144,050 which is...
While the number of NSDCC active listings has been as steady as anyone could imagine (above), the median list price has been climbing rapidly this year: January 9th: $3,495,000 April 10th: $4,074,997 The NSDCC median list price has risen 17% in three months! With...
The first quarter of 2023 is complete, and while there will be a few more new NSDCC listings coming to market this month that were dated in March, this gives us a good view of the current predicament: Detached-Home Listings Between La Jolla and Carlsbad. First...
