Buyers and agents are noting that the market has changed. Specifically, fewer people are looking at homes for sale, especially during the week when there is little to no activity. It feels more like October than May/June! There has to be reluctance among buyers about...
Usually Donna writes the introduction to our newsletter, but I took a stab at it today: Hi, Jim here! I've been asked to describe the current market conditions as we enter summer. Our local market is defying the usual labels. If it were a pure buyer's market, then...
With the unsold listings piling up everywhere, I went to check the stale factor (above) and was surprised to see that the ratio of the active listings on the market for 15+ days was actually lower than it was previously. It must mean that there has been a flurry of...
Will there be a point when the unsolds start affecting the buyer enthusiasm? Will the unsolds impact the ability of the hot new listings to fetch top dollar? Or will all listings be affected, like in the photo above? NSDCC Active Listings Buyers are finding it easier...
I think most agents would agree that once their new listing has been on the open market - and unsold - for two weeks, the action dies down considerably. Then the showings, if any, become vague and laborious because all of the motivated buyers have already seen it and...
I called our local market 'stable' the other day. Zillow doesn't have us in America's Top 10, but their 58.3 gets us into the Seller's-market category which sounds stable enough. They have slightly increased their 12-month optimism too: NW Carlsbad - 92008 SE Carlsbad...
Last week there were 386 NSDCC active listings, and today there are 343 - a difference of 57. Impressively, there were 25 listings that were marked as 'pending' in the last week! But it also means that a load of the unsuccessful sellers of 2024 will be back early next...
Kayla is in town so we were trying to do the more-professional looking videos, which for me means doing a more-formal introduction of myself for those new to our Instagram channel. On the same day, Robert Reffkin appeared on CNBC and said that research shows that...
Bill is one of the few bloggers still around who comments daily on housing and the economy. Read his full article at his free substack here: https://open.substack.com/pub/calculatedrisk/p/watch-months-of-supply-76b He makes an interesting comparison between June and...
