Another 38 NSDCC closings in the last week, making for 170 sales in July so far. But the number of pendings isn't reloading as fast, in spite of plenty of houses for sale. The count hasn't been this low since mid-March, and there's not much reason to think it's going...
It looks like last week may have been the peak inventory for 2024, just like the same week in 2023 was the peak last year. The difference? There will be more listings that fail to sell this year. The median list price was over $4,000,000 until April 8th this year, and...
The number of NSDCC active listings blew right through the 500 mark, and the count is now up to 509 unsolds. The number of pendings had stayed above last year's count primarily because there have been more homes for sale. But it looks like all the quality homes have...
It's looks like we dodged the 500 bullet - there were 496 active listings last week and it appeared we were heading for 510 or more by now. But instead, today's count is 479 actives, and it's doubtful there will be any big surge of new listings this late in the game....
It's considered normal for a market to have six months' worth of inventory, where the number of homes for sale this month equals 6x the number of sales last month. Our market has done better over the last few years, and three months' worth seems normal now: Here are...
Of the 496 active listings today, 213 of them are listed over $4,000,000 and 75 of those are listed over $9,000,000. Do those have any impact on buyers and sellers for properties listed under $3,000,000? Not really, but today there are now 93 homes for sale under...
There were 78 new NSDCC listings in the last week, the highest total of the year (there were 77 new listings two weeks ago, and the previous high was 67 twice). Sellers keep coming! The total-pendings count of 192 is the highest number of the year (there was a 191...
June is half over, and there have been 74 NSDCC closings so we might get close to last month's total of 185 sales - though it feels like the market could fade away the rest of the year. Will sellers adjust? Probably not - or at least not adjust fast enough. But they...
The count of active listings is powering skyward, and could be 500+ in the next week or two. There haven't been more than 500 actives between La Jolla and Carlsbad since before the pandemic, so you can say that the inventory getting back to normal. But unless pricing...
Earlier this year, I speculated that the market could endure - and probably snap up - additional inventory, as compared to last year. The 2023 inventory was like the Mohave Desert! It seemed that 10% to 15% more would be easily digested, and maybe even +20% or +25%....
