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...
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...
