My graphs are focused on North San Diego County's coastal region (La Jolla to Carlsbad) and Rich covers the whole county with his data. Get more of his scoop here: https://www.piggington.com/july_2020_housing_data_inventory_hits_new_low
The experts were surveyed on what they think about the market - a sample question: Fleming: “Our research has found that in past recessions, house prices show their “downside stickiness,” meaning they remain flat or their growth slows during economic downturns, but...
The graph above shows the raw data - how the pendings started to increase as we got into April. It seemed like the action began to slow down just recently, and, sure enough, the rolling averages have been in decline over the last week or two in San Diego - and...
One key to any potential comeback is having more homes to sell. The weekly counts above are the net effect of new listings minus new pendings. When we have a good week of net new pendings (like we did this week with +13), it means a positive move by the new listings...
To get a feel for when the market is starting to come back, let's watch these data points. When sellers are feeling more comfortable putting their house on the market, we should see the number of houses for sale begin to increase (or that will be a sign that fewer are...
What a decade! Our median home price - fueled by low rates and the Bank of Mom&Dad - more than doubled the percentage increase in the median household income! Our net migration was fine really - we must have a steady influx of affluent folks: Here's an interesting...
Another indicator that the local market is holding up and sellers aren't desperate - an excerpt: Nahjla Wehbe Dipp, a Pacific Sotheby’s International Realty agent, said buyers seem more receptive to not overpricing their homes than a year ago. She said another reason...
Double-digit increases can't last forever - but could home prices plateau for years? It will probably depend on mortgage rates, and having enough reasonable sellers who are willing to take the same $ as what the last guy got. From our friends at JBREC: Price...
Rich's latest graphs are out, and this inventory history above shows how relatively few homes are for sale locally. The median detached-home list price for the county today is $849,000! He did mention a reader's theory that in the era of online search portals, the...
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...
