We've all heard the rule about listing your home for sale in the spring. But when are buyers actually buying? Are there any times when the demand could wane, and sellers should avoid? There are three events that could cause a lull in the demand: Easter/Spring Break...
I like to compare the counts of active and pending listings to help determine the overall 'health' of the marketplace, and a 2:1 ratio always seemed to be 'normal', roughly. Le's compare the comparisons! These are the counts from February 1, 2016: Area Zip Code ACT...
The new-listing totals for the early spring season have been virtually identical over the last five years. But the mix has changed dramatically - in 2012, 60% of the listings were under $1,000,000, and this year it's only 35%: NSDCC New Listings between Feb. 1st - Mar...
The Super Bowl is over, and the spring selling season is here - let's move! How does the inventory compare to last year? Here are the active listings and cost-per-sf from the day after the 2015 Super Bowl, and today: Price Range 2015 # of Actives Avg LP $/sf 2016 #...
If you look at the recent averages of home sales, big discounts off list prices are rare – buyers are lucky to get 5% off.
Our Spring Selling Season usually gets moving after the Super Bowl is complete, but is anyone excited to see Carolina vs. Denver? The sports media will do their best to generate some juicy story lines, but San Diegans won't have much at stake with this matchup. Let's...
Want to guess when the best time will be to sell your house in 2016? Let's reflect on recent history. The Big Frenzy of 2013 was super-charged by mortgage rates dropping into the low-3s during 4Q12. The low point for the 30Y conforming rate was 3.31% during the week...
We've been enjoying a statistical exuberance that is somewhat misguided. The latest Case-Shiller Index was the March reading, which includes sales data from the previous two months too. Our recent local data has been looking strong as well, with both April and May...
With all the recent action mentioned in the previous post, it makes you wonder how much the market is fueled by frustration over the selection of homes for sale. Yes, it is the "season", but is the lack of inventory causing buyers to grab anything, at any price? More...
Usually around tax day, the real estate market goes into a bit of a funk, and this year it was compounded by the disconnect between our MLS and Zillow - any new listings have to be manually inputted to Zillow, which isn't obvious to most agents. In spite of all that,...
