There are more soundbites about sales and pricing being down overall, but the market for detached-homes between La Jolla and Carlsbad is hanging in there. There was an extra business day this year, and there will be more sales reported over the next few days - if...
Rich's latest data is up at www.piggington.com. He mentioned the slightly-negative turn in pricing last month, but I like these two graphs above. The pricing trend is going to bounce around - as long as we have sales counts close to previous years, we'll be fine.
This interactive graph shows how our monthly sales this year may be less than they were in 2018, but look great compared to previous years. June has been the peak month for sales in each of the last five years - it's go time right now!
It looks like San Diego County is #1 among the higher-end locations! We're probably at the top of the Too-Nice-To-Leave list too, which helps - and should keep our market stable. If sellers can't get their price this year, they will wait-and-see what next year will...
Ryan is seeing it in Sacramento about the same as we see it here. The market is active but statistically the pricing has been fairly flat - it could be worse! Check out his latest blog post here:...
The NSDCC closed sales got off to a hot start in 2019! But by March 4th, pendings had stalled and were 19% under last year’s total. Now that stall pattern is playing out in the March closings too: NSDCC Detached-Home Sales, Year-Over-Year Changes: Year 2018 2019 %...
The first quarter report! Better than expected, and with rates dropping to 4% and under, the second quarter is shaping up nicely:
Mortgage rates have continued their slide, and lenders should be offering fixed-rate loans with rates starting in the threes again, with little or no points! The new pendings are flowing, but we still haven't seen a flood of new listings: NSDCC Detached-Home Listings...
Rich is seeing it like we are - pricing has been fairly flat lately. Click here for his full report: https://www.piggington.com/february_2019_housing_data_bit_strengthening
It's March! How are we doing? We've considered a 2:1 ratio of active-to-pending listings to be a sign of a healthy market. Though pricing is much higher than in the recent past, we're under 3.0 is all but the highest-end areas: Here are the Actives/Pendings stats for...
