From Leonard Steinberg at Compass: If you thought the $7 trillion Covid-linked stimulus was big, think again. It is pittance compared to the biggest stimulus that has started and will continue for the next 2 decades amounting to over $80 trillion! Reduced - and...
It's good to see that last month had more sales (159 vs 147) than in June - which also had two more business days! Let's combine the two months to soften the July drop median sales price and compare to previous years. The plunge in sales has to be discouraging to...
Of all the higher-end metros, San Diego is doing the best this year! To see the rest of the Top 100 markets, click here: https://twitter.com/NewsLambert/status/1686805363557888023
The average and median sales prices last month were similar to what they were in December, even though the same percentage of buyers paid over the list price. It might make you think that this market is retreating quickly! But look at the difference of the number of...
The San Diego Case-Shiller Index has bounced back nicely this year! Percentage Change Between January and May 2019: +3.5% 2020: +3.6% 2021: +13.0% 2022: +11.6% 2023: +8.2% Even if it flatlines the rest of the year, are there any local homeowners that will be...
In the past week, there were 18 FEWER new listings and 15 MORE new pendings than the week before - and boom, the mid-summer surge continued....but only for some, not all. A good example of the current market conditions is one of the La Costa Valley 6 that we've been...
For those leaving California, you’ll be the safest in Massachusetts, followed by Vermont, New Hampshire, Maine and Rhode Island. Safety seekers should avoid Louisiana, Arkansas, South Carolina, Mississippi and Oklahoma. [button...
The NSDCC sales are trending lower and appear to be focused on the lower-end: We should still get the 100+ sales in July, and hopefully no one will be screaming about prices dumping 20% in one month. It's just that the higher-end isn't clicking like it was before....
At the beginning of 2023, the Zillow 1-year forecast for San Diego home values was -0.8%. In May, their expected 1-year appreciation rate in our local areas was around +3%. Now they are guessing it will be around 4%....which might cause more sellers to wait longer! SE...
I try to investigate different ways to analyze the market data so readers can grab something pertinent that might help them make a better decision about their real estate needs. Here's today's attempt! July isn't done yet but you can see the trend: The high-end isn't...
