The NSDCC inventory has been a perfect match for the heightened demand of 2021. With roughly 20% fewer homes for sale, the scarcity has energized buyers to grab anything that's close to being a good match - while the pickier buyers wait patiently. This month's...
Yesterday we saw that more than half of the NSDCC houses sold over the last couple of months have closed for a price that's higher than their list price. Another difference from previous years is the efficiency. Typically, there are only around 55% to 60% of the...
It is unusual to have so few active listings for sale. Yet, we are having more sales than ever, with the quality homes all selling in the first week - leaving very few active listings. Casual observers don't find any decent homes just lying around, making it...
Here's the first quarter breakdown so you can see how your area compares with others: NSDCC First Quarter Sales By Area Town or Area Zip Code New Listings, 1Q Closed Sales Median SP Active Listings Today Cardiff 92007 34 27 $2,050,000 13 NW Carlsbad 92008 62 39...
While it feels like the inventory-less frenzy, there have been enough houses coming to market to set a new record for the number of 1Q sales: NSDCC Sales, First Quarter Year New Listings Closed Sales, 1Q Median Sales Price Median DOM 2012 479 230 $811,750 76 2013...
Did you get concerned about the pending index falling another 10% last week? The U.S. housing market is suffering from its lowest supply in history, and that is taking an increasingly hard toll on sales. Pending home sales, a measure of signed contracts on existing...
Pending home sales, a measure of signed contracts on existing homes, fell a wider-than-expected 10.6% in February compared with January, according to the NAR. Sales were 0.5% lower year over year. There were just 1.03 million homes for sale at the end of February, a...
Yesterday's Case-Shiller Index was a reflection of November, December, and January market data. Here's a local supplement to help map out what's coming - and this is only through February: This was in a fairly tight range of $400/sf to $450/sf for a couple of years....
These are eye-popping numbers for all of north county - thanks Jerry Ryan! Percentage of List Price Received Median Sales Price with Year-Over-Year Change The latest month-over-month change in median SP was 6%!
Previously we experienced a healthy market when actives outnumbered pendings 2:1. Then as the market heated up, we got used to the 1:1 ratio. Now we have areas where the ratio is more than 1:2! NSDCC Detached-Home Active and Pending Listings Town or Area Zip Code...
