THIS TIME LAST YEAR: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ THIS YEAR: We had 155 new listings and 105 new pendings in the last six weeks. There has been ONE detached-home listing between La Jolla and Carlsbad since July 1st. 54% of the detached-homes for...
There shouldn't be much new action for the rest of the month - it would be crazy to put a new listing on the MLS in the next 2-3 weeks. It means the current inventory - the lowest it's been since May - couldn't be any more picked over by those who don't trust the Fed...
A few more articles like this should cause buyers to question whether pricing will get any better: Today, the Data & Analytics division of Black Knight released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and...
After staying around 400 since the middle of September, the number of active listings finally plunged by 6% as the holiday season finally set in. Yet, the number of pendings rose by 9%! There were also more new pendings than new listings this past week. The list...
There have been 80 NSDCC closings in November, which should mean we should get to at least 100 sales for the month. But with only 108 pendings today, the monthly sales in December and January sales will probably be under 100. Even though there are 393 active...
In the graph above, the active inventory hasn't been decreasing like I thought it would be, given that Thanksgiving is a week and a half away. You can't say that nothing is selling, because there have been 50 closings between La Jolla and Carlsbad in November so far,...
Of the ~400 NSDCC homes currently for sale, only 16 went pending in the last week - the lowest number since the first week of the year. 96% of the active sellers would rather hold out on price and stay on the open market in mid-November! If they are priced under...
Last week, the NAR reported that their Pending Home Sales Index for the west was down 11.7% month-over-month, but we are beating the odds. Today there are 144 NSDCC pendings, which is the same number as there were in the first week of September! It's likely that the...
What does an uptick in both actives and pendings mean? The local market has finally succumbed to the trend of higher inventory and declining interest, or We've hit bottom! After the beating the market has taken over the last 3-4 months, you'd think sellers would be...
Bill has been following the inventory in different markets, and San Diego is faring much better than other areas. He is showing a 23.8% drop in new listings YoY, but last year was the record low. Look at the previous years: September New Listings, San Diego County...
