The New Listings graph (above) shows how the raw number of homes listed for sale in the coronavirus era compares to the same time frame in 2019. It shows that 40-50 days after the initial shock, sellers started feeling more comfortable putting their home on the...
We are back to having a similar number of California showings as we had in the first week of March! It looks like we will jam the usual six-month-long selling season into just four - May through August - but only if there is enough to sell. The showings leveled off...
They send out this survey twice each month - on the 15th and 21st - so these agent comments above were based on their market observations around then. Hopefully they have gotten back to work by now: Town Zip Code New Listings Since April 1st New Pendings Since April...
Everyone is wondering how the coronavirus will affect housing, so Bloomberg News decided to whip up the hysteria with this article built on speculation and guesses. Mark Zandi has had one of the most negative opinions about housing, hoping that some day he might be...
Rates are really low, and the market is responding. We've considered it a balanced market when the active listings are running about twice the number of pendings. Here's how we're doing so far in 2020, and compared to last February: NSDCC Detached-Home Active and...
The selling season is pretty much over - did you get 'er done? Or did summer slip away from you? School starts in 40 days.....there is still time! But when you include a couple of days for negotiating, and a couple of days for moving, you need to make a deal by...
The numbers are going to bounce around, so can we agree on two things? A. Variances of 1%-3% are natural. B. National stats don't mean anything to you and me. Let's keep it local! Here are the San Diego North Coastal 3-month-moving averages on pendings: Two big YoY...
Here's a visual comparison of last year's counts of NSDCC weekly active and pending listings, and how we are doing this year. Mortgage rates had bumped up from 4.47% in April to 4.83% in October, but the inventory kept growing too, which didn't help. The pendings are...
How's the market? The surge continued this past week, with the current pendings count rising from 302 to 324, which is a 7% increase. Last year, the pendings topped off the previous week and then dropped for four weeks. With this current burst, the pendings count is...
The surge noted last week continued its hot streak, which should be expected as the selling season really gets rolling. The total number of pendings increased 6%, and those over $2,000,000 increased 24%! Glad to see the $2,000,000+ market having some life, with 462...
