Market Conditions
NSDCC List Pricing by Quartile
Generally speaking, each of the 2025 quartiles is lower today than they were last year, and the median list price is down to $4,000,000 - which is 11% lower than it was at the start of the year. It's because the lower end has been cooking, and the higher-end not so...
Frenzy Monitor
Frenzy may not sound applicable these days.....but look at La Jolla getting off to a hot start and leading the pack with 38 pendings, just like last year! The 92067 is angling towards their pre-covid standard with a 9:1 ratio of actives-to-pendings. Our normal gauge...
Stale Factor
I think most agents would agree that once their new listing has been on the open market - and unsold - for two weeks, the action dies down considerably. Then the showings, if any, become vague and laborious because all of the motivated buyers have already seen it and...
CCP & Rapid Deceleration
Rob did a blog post (behind the paywall but consider subscribing if you're interested in residential real estate selling trends) where he thinks the Clear Cooperation Policy is cooked. Even though most of the big players are supportive of the policy in public, it's...
Around the Country
Lance does an incredible job of covering the real estate market. Follow him on twitter: https://x.com/NewsLambert
Positives Or Negatives?
? Ok, I'm breathing again now that 150+ people came to my first open house on Moorhen Place. The market/buyers have seemed cautious and conservative so far in 2025, and it's incredible how they insist on looking for any reason NOT to buy. The only problem is that the...
More Inventory Tracking
Bill provides a ton of relevant data and it helps show how the real estate trends reflect the human condition - the same things are happening everywhere: I've been thinking that there will be 15% to 20% more inventory this year, but so far the flow has been subdued...
Zillow’s Forecast
I called our local market 'stable' the other day. Zillow doesn't have us in America's Top 10, but their 58.3 gets us into the Seller's-market category which sounds stable enough. They have slightly increased their 12-month optimism too: NW Carlsbad - 92008 SE Carlsbad...
Days On Market
It's common that when the residential resale market feels slower, the participants shrug it off by saying, "It just takes longer to sell these days." It is a too-quick opinion that masks the real problem, which is: It's taking longer for sellers to admit how wrong...
