Yesterday, reader Jim repeated the common belief about the Compass 3-Phase Marketing Plan: Compass isn’t going this route to protect sellers - they are trying to increase their dual agency transactions which will lead to more profits for a publicly traded company. In...
The March new listings in the San Diego metro area look good with our 12.7% being one of the lowest national increases year-over-year (above). But after a few months of this, the unsolds are starting to stack up: Buyers don't seem to mind, and for them it can only get...
The over-list sales in March were down YoY, but the sales and pricing are holding up. It's just more mellow? There were 46 sales that closed over their list price, and 76% of those were under $3,000,000. Statistically, the first quarter of 2025 looked a lot like it...
In light of the last blog post, let's direct a renewed focus on the differences between the higher-end and lower-end markets. I have all the data going back for years, so give me a minute and I'll split the presentations. But we can already anticipate what's coming...
A reader asked to split the market at $3,000,000 and take a look around. They made a good point. All that matters is what's happening in your neighborhood of interest. Analyzing larger samples can only give us suspicious facts. I keep saying how another 15% to 20%...
Two days left! San Jose, CA, emerged as the fastest-moving market in the U.S. in February. A typical home there waited for a buyer for just 22 days, even though the median home list price in the wealthy Silicon Valley hot spot stood at an eye-watering $1.3 million....
NSDCC Total Number of New Listings, Jan 1 to Mar 15 The number of listings hitting the market is higher than it's been, and there will be more late-reporters adding to the 2025 count in the coming week or two. I've been a regular customer of Rancho Photos since 2012....
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...
Generally speaking, each of the 2025 quartiles is lower today than they were last year, and the median list price is down to $4,000,000 - which is 11% lower than it was at the start of the year. It's because the lower end has been cooking, and the higher-end not so...
Since October, I've been blabbing on and on how there were several reasons why the pent-up supply was finally going to bust loose in 2025. If you want to sell your house this year, you better get on it. It's more than just an isolated or local thing. Look at the stats...
