Frenzy Monitor

Written by Jim the Realtor

August 11, 2021

The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at the health of the market in their neighborhood.

We’ve considered the market as healthy when there has been a 2:1 ratio of actives to pendings.

All areas are in good shape, with only three being less than full-green because the number of actives have creeped up slightly but whose pendings count is still strong.

Prior to the pandemic, Rancho Santa Fe was regularly a 10:1 ratio – now look at it!

We are tracking the average market times too.  Any upward trends here would indicate market slowing:

No big concerns here either. While we were flying at 130 MPH in spring, we’re down to around 85MPH now, which is still a very nice cruising speed – and faster than normal!

1 Comment

  1. MarkH

    Any chance you could add 92127 to the list Jim? It’s smoking hot over here.

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Klinge Realty Group

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