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...
Actives = green, Pendings = blue Last week, a reader suggested that we highlight the Under-$3,000,000 market. It is astonishing that in an area of 300,000 people, there are fewer than 100 houses for sale priced under $3,000,000 (and none under $1,195,000). Our...
Until there is a significant increase in inventory, we won't know how the current market conditions are affecting the demand, if at all. I thought we'd get off to a sluggish start, but this is shockingly low: Total NSDCC Detached-Home Listings, First 13 Readings of...
The 10-year yield has dropped 0.5% since Thursday, which means today's mortgage rates will probably be the low point of the rest of the year. If the CPI comes out hot tomorrow, the mortgage-rate market will shrug off the banking collapse and get back to rising. Call...
Do higher rates affect the lower-end markets more? Or are the lower-end buyers rushing to beat higher rates later this year? Or is it all about price? The NSDCC market under $3,000,000 looks very healthy. The actives-to-pendings ratio is almost 1:1, and there is only...
We are two months into 2023! Here's how the weekly new listings compare with previous years - inventory is worse than ever: As a result, the list-pricing looks like it is holding up: Here's how it wrapped up last year: The high-quality homes that hit the market in...
Remember when the inventory tanked in 2020 when everyone was afraid of catching the bug? Once the pandemic was over, we'd get back to the regular flow of homes for sale, wouldn't we? But the intensity seemed to increase as time went on, finally spinning out of control...
