Due to another glitch in the SDAR MLS, the sales prices are missing the last three numbers on the NSDCAR listings that sold this week (so much for data-sharing!): The first 13 are in the sales count, but I took them out of the pricing statistics here: The July sales...
The pundits might make some noise about dropping sales but around here the pricing is holding up. Besides, the 2024 sales look like an outlier compared to the two previous years. Fewer sales are a sign of patient sellers, and unless there is a bulk dumping on prices...
The pricing downturn is expanding throughout the country. While only a few communities felt it in January, now many (36%) of the top metro markets are feeling it: Jan: 31 of the nation’s 300 largest housing markets (i.e., 10% of markets) had a falling year-over-year...
I was with a handful of realtors the other day chatting it up about the current market conditions. I said, "they remind me of 2007", which received blank stares. None of them were in the business then! So I went back to check the statistics to verify. Because next...
These graphs are updated on the first of the month so these are the latest numbers and they are interactive so you can scroll over to see the individual data. These are tracking the Coastal North region of SD County. You can see the average and median cost-per-sf is...
Bill is showing a 9.4% decrease in SD May sales, year-over-year. But around the north coastal area, sales have been holding up. The NSDCC sales in May were +7% YoY, and for the first five months, it's +6%! We can live with those! The number of off-market sales (which...
The doomers might get excited about the cost-per-sf dropping by 3.1% and 2.6%, respectively, but because sales are holding up well, there isn't any panic. It's a healthy exercise of how pure/unsupported markets should work!
Between the tariff calamity that is still a long way from being resolved and Jamie Dimon calling the markets complacent, you would think that The Big Wait would come naturally and home sales would be slowing considerably. In addition, most homes for sale aren't...
Do you remember that stretch in 2023 when the San Diego-Chula Vista-Carlsbad metro area had the best appreciation in the country? It wasn't that long ago! Look how it's changed since: Widespread housing market softening49 of the nation's 50 largest metro area...
A reminder how all real estate is local....pricing in San Diego is holding up ok. There are an amazing number of green dots, but for us, Flat City will do for now. [button...
