The potential surge in new listings has stalled, and for the second week in a row we had more new pendings than listings! But something has to give, doesn't it? The pricing continues to levitate, at the cost of sales: NSDCC Monthly Detached-Home Sales, March There...
Just when I thought having more active listings might slow the market, the buyers responded! There were more new pendings (46) this week than we've had all year, and they out-numbered the new listings count of 45 - which hasn't happened in months! Wow! The $0 –...
The active inventory is increasing! We've been hoping to identify the perfect amount of additional homes for sale that would create more sales without scaring buyers back to the sidelines with shock and awe. I have guessed that the demand would digest a 10% to 15%...
The NSDCC houses for sale have had a median list price over $4,000,000 all year. How is the upper half of the market performing? While the $2,000,000 to $4,000,000 market has seen continued upward pressure on pricing (click below on more...), the $4,000,000+ list...
There have been 12% more listings YoY in the first two months of 2024, and buyers are responding! Closed SFR sales between La Jolla and Carlsbad are +20% YoY in the first two months of the year! It's why the number of active listings (red line above) isn't exploding,...
This year's inventory is looking a lot like last year, with a few more listings hanging around unsold. NSDCC Total Number of Listings, Jan 1 through Feb 20 2023: 355 2024: 395 How's the pricing? Here are the weekly quartiles for 2023 and 2024: It looks like the market...
In the last week, the number of NSDCC active listings shot up by 12%, and the number of pendings dropped 10%, which at first glance looked like a bunch of escrows blew up. But it was more due to the number of closings. There were 35 escrows that closed last week,...
The Super Bowl is done, and the 2024 Selling Season is under way! Judging by the graph above, this year will be as hot as last year! Look at the consistency this year too: NSDCC Weekly New Listings and New Pendings Whenever we have 125 new listings, and 99 are going...
The number of January listings has blown by everyone's expectations, and is now up to 229, which is 12% higher than in January, 2023 - and the count isn't done yet. All we know for sure is that more sellers wanted to get an early start on moving this year. If that...
In our previous reading last Monday, the pendings count had jumped 20% - and this week it popped another 15%! Today's actual count of 140 pendings is now ahead of last year, which had an early start to the selling season! At this point, this year looks the same! This...
