The tariff tirade may be dissipating, but the effect on mortgage rates will probably last for months. Higher rates add more sluggishness to an generally-overpriced market but sellers are committed to exploring their price discovery in April. We'll see if loosens up in...
The March new listings in the San Diego metro area look good with our 12.7% being one of the lowest national increases year-over-year (above). But after a few months of this, the unsolds are starting to stack up: Buyers don't seem to mind, and for them it can only get...
In 1Q25, there were 410 sales - which was +8% YoY! There are 419 NSDCC active listings today. This probably reflects the normal optimism, but with prices this high, you have to think that there are going to be a lot of disappointed sellers: The $0 – $2,000,000 Market:...
In light of the last blog post, let's direct a renewed focus on the differences between the higher-end and lower-end markets. I have all the data going back for years, so give me a minute and I'll split the presentations. But we can already anticipate what's coming...
The climb in the number of active listings between La Jolla and Carlsbad took a break and only rose by two. Here's how the actives and pendings compare to the last two years in mid-March: NSDCC Actives and Pendings, Mid-March The 25% YoY increase in the number of...
Since October, I've been blabbing on and on how there were several reasons why the pent-up supply was finally going to bust loose in 2025. If you want to sell your house this year, you better get on it. It's more than just an isolated or local thing. Look at the stats...
It appears that we are experiencing a surge-like event - the NSDCC actives count today is 411. Last year, the count didn't hit 400 until mid-May! In the last three weeks, the total number of pendings has risen by 8, 4, and 4 per week. You think it's sluggish now, wait...
The surge of active listings in January got a boost from last year's unsolds coming right back on the market. Since then, the flow has moderated and looks somewhat sustainable if it stays at this pace. It's fairly easy to describe the NSDCC market today. The lower-end...
I counted 32 NSDCC houses for sale on the Compass private exclusives list that aren't on the MLS. They aren't well-organized - just a one-liner list for the whole county - and they are mostly homes being prepared for market, or tenant-occupied, or old listings that...
Thanks for the comments this week! For some historical perspective, let's review the recent change in inventory. Bill Clinton signed the new law in 1997 that allowed sellers to take up to $500,000 in tax-free profits, and it set off a local moving spree that lasted...
