Once we got past the Memorial Day weekend, the unsold listings continued their climb. Here's how the first week in June compares to previous years: NSDCC Listings, First Monday in June: Year # of Active Listings # of Pendings # Actives Over $2M # of Pendings Over $2M...
I mentioned how overshoot is part of the program. It will be a miracle if the sellers' expectations can adjust quickly enough to salvage the rest of the selling season. It's probably never been so hard in the history of real estate to get the list-price right! Even...
The overshoot part of the frenzy is unavoidable. The pricing of the new listings was calculated on sold comps from when the frenzy was hotter and sellers were getting big pops over the list prices. Back then, you didn't have to spruce 'em up as much, you got away with...
Everyone complained that we had no inventory....well, we have more now! But the 286 active listings today is still well under the 349 actives that we had last year at this time, and more listings should cause more sales. We'll see if the slight pause in the market...
While it would be logical to think that anyone who is going to sell in 2022 would be expediting their plans due to higher mortgage rates, there still hasn't been a big surge. We had one little pop when the weekly new-listings count hit 76, but they were back down to...
I love a little support from others - thank you Bill! https://calculatedrisk.substack.com/p/1st-look-at-local-housing-markets-afd
This is an example of the hysteria being whipped up by the pseudo-experts. They tend to grab fake data, jump to conclusions, and then spread it everywhere. Here is the tweet with comments - he says the +31% is the change between March and April:...
Yesterday we saw how the NSDCC active listings shot up from 224 to 256 in one week! The count was at 190 just a month ago. But to keep it in perspective, let's compare it to previous years: NSDCC Active & Pending Listings, First Week of May Year NSDCC # of Active...
In the last week, there were 76 new listings between La Jolla and Carlsbad, which was the most since last August. The 37 new pendings were the fewest since mid-January! Rob Dawg suggested that we track the list prices by quartile: What this graph doesn't reflect is...
Remember in April, 2020 when everyone was scared to death to list their house for sale because they didn't want to catch the dreaded covid from strangers coming through? When agents were required to wipe down the house after every showing? It was the month that there...
