It’s considered normal for a market to have six months’ worth of inventory, where the number of homes for sale this month equals 6x the number of sales last month.
Our market has done better over the last few years, and three months’ worth seems normal now:
Here are the interactive graphs for the last five years, and the last sixteen years!
While we’re at it, here are the graphs for the median sales price per square footage. Carmel Valley (92130) is up 84%, and both Carlsbad and Encinitas have both more than doubled in the last five years. Normal?
