The local sales numbers are frightening. Compare our sales counts to these areas: Populations / Sales = People Per Sale New Hampshire: 1,389,000 / 1,490 = 932 Portland metro: 2,220,000 / 1,717 = 1,293 Las Vegas metro: 2,227,000 / 2,374 = 938 Charlotte metro: 2,267,000...
The following metro areas had year-over-year median home price increases of 10% or more since September 2022: Los Angeles: 23.8% San Diego: 18.2% Richmond: 15% Cincinnati, Ohio: 14.6% Providence, Rhode Island and Massachusetts: 14.6% Boston: 14.1% Columbus, Ohio:...
We're having another amazing month, and should get close to 150 sales! The pricing appears to be holding up nicely too (and more evidence that July's collection of lower-priced sales was an anomaly).
One of the best ways to monitor the pricing trends is to watch for changes in the SP:LP ratio. Last year the pricing got soft in the fourth quarter, so we'll keep an eye on the SP:LP trend this year - but so far, so good:
Here are each year's sales counts for the January-through-August time frame. It shows the extraordinary 2021 sales numbers in most areas! But if you thought getting back to the numbers we had in 2019 would feel normal, we're not there yet. In fact, most areas are well...
This is what it feels like in Plateau City. It's a little bumpy but the pricing looks range-bound. Sales cool off towards the end of the year - even during the frenzy. Surprisingly, last month might end up being the best of the year for sales, and the market should...
My thoughts: Sales are holding up nicely here at the end of August - a time when the buyer pool could have, and should have been completely exhausted. With five business days to go plus late-reporters, we should see this month's closed sales get up to 160 or so and be...
The median sales price of houses sold between La Jolla and Carlsbad last month was 13% lower than it was in June, which demonstrates how terrible it is for a gauge. Obviously, the houses sold are different each month. In July, there happened to be 35% more houses sold...
Of all the higher-end metros, San Diego is doing the best this year! To see the rest of the Top 100 markets, click here: https://twitter.com/NewsLambert/status/1686805363557888023
It's August 1st, which means the local 10k InfoSparks data has been updated for July. The NSDCC median sales price may be 17% lower than it was in June, but maybe nobody will notice because it is a subset only we are following closely. The general data looks more...
