Combining the January and February stats gives us the larger sample sizes to better identify the trends. The sellers are doing a phenomenal job at restricting the supply, and there have been enough buyers to keep the momentum going. The current listings/sales ratio...
The local index is 11% lower than its peak in May. The beauty about this market is that buyers don't have to fight with the decision to buy now or wait. Because the inventory of quality homes is so thin, having to wait is baked in. How often do buyers see a home for...
We are two months into 2023! Here's how the weekly new listings compare with previous years - inventory is worse than ever: As a result, the list-pricing looks like it is holding up: Here's how it wrapped up last year: The high-quality homes that hit the market in...
Do you need help with finding your next home! For those who can stay around here, it's easier - and I can help you. How about those of you who want to leave San Diego County - how can you find good help? We are part of a national referral network known as Married at...
Remember when the inventory tanked in 2020 when everyone was afraid of catching the bug? Once the pandemic was over, we'd get back to the regular flow of homes for sale, wouldn't we? But the intensity seemed to increase as time went on, finally spinning out of control...
Are you thinking about selling your home and are trying to identify the strategies used by listing agents to get you top dollar with minimal inconvenience? Are you finding that agents aren't real specific about how they do their business, and just want you to trust...
Let's revisit yesterday's graph and add the sales to compare the relative health of the market. If higher mortgage rates were stopping home buyers, then sales would plummet, especially in relation to the number of listings. But if the number of listings plummets too,...
As you can tell in the graph above, there hasn't been a flood of inventory (yet), and the number of pendings is rising steadily. All of the frenzy conditions are in place this year, just like they were since the pandemic broke out and inventory plunged. The casual...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Most areas look healthy (ratio of 2:1 or better), and those in red have very similar to numbers to last spring which was probably...
The mortgage rates are heading for 7% again, which is shocking, given it was 5.99% on Feb. 2nd. Higher rates will discourage both buyers and sellers, and make them want to wait for a "better market" some day in the future. Whether that day will come isn't considered...
