N.A.R. home-sales forecasts are a moving target. In October they guessed 6 million sales for 2017, and in December they said 5.5 million: LINK Single-family existing home sales are set to see their best year since 2006, driven by robust job gains and improving...
http://www.realtor.com/news/real-estate-news/home-prices-rising/ An excerpt: "Prices are increasing faster than we expected them to because of the continual shortage of new homes coming onto the market," says Senior Economist Joseph Kirchner of realtor.com. "People...
An update on last month's sales and pricing: April Number of Sales Avg $$/SF Median SP Avg DOM Median DOM 2013 303 $420/sf $955,000 42 16 2014 258 $456/sf $1,052,500 50 26 2015 278 $473/sf $1,090,000 47 20 2016 299 $521/sf $1,129,197 40 19 2017 265 $541/sf $1,335,035...
Something price could fix..... California pending home sales downshift for third straight month in March LOS ANGELES – Even with a strong performance in March closed escrow sales, a shortage of available homes and robust price growth that’s eating away at...
Today is the last business day of April - how are sales shaping up? April Number of Sales Avg $$/SF Median SP Avg DOM Median DOM 2013 303 $420/sf $955,000 42 16 2014 258 $456/sf $1,052,500 50 26 2015 278 $473/sf $1,090,000 47 20 2016 299 $521/sf $1,129,197 40 19 2017...
Markets throughout Southern California are cooking, and we're leading the way! The Unsold Inventory Index represents the number of months it would take to sell the remaining inventory. See stats for the whole state here:...
The overall environment can be sized up by comparing how many houses have sold, compared to the number of new listings hitting the market. A surge of new listings can set buyers back on their heels. We could make that case about what happened last spring, when we had...
We hear about the 'tight inventory' across the country, but the perception is affected by how fast homes are selling - there aren't many houses just sitting around not selling, which gives the appearance of 'tight'. Let's measure it correctly by comparing the total...
It looks like pricing might be getting more squishy on the higher-end homes. We've seen everything above $672,984 but below $1,000,000 be hot and rising, yet the high-tier Case-Shiller Index has been flat for months - which means the ultra-high-end stuff is really...
A review of annual house sales around San Diego County!
