Virtually everyone is reluctant to predict the future of the real estate market. Even most realtors will throw their hands up and declare, "Who knows?". But around here, one fact has been clear and it tells us what we need to know about the rest of the year. The...
In 2024, we had more drama than usual. The Big Three: Hotly-contested election. Commission debacle. Mortgage rates that were supposed to come down, but didn't. Any one of those could have derailed the real estate market, but instead we survived just fine: NSDCC Annual...
We're going to start the new year with about 17% more houses for sale than we did in 2024. They will be joined by other failed listings from the past, and the inventory will most likely be rising faster than normal. The first inventory count of 2024 was 255 homes for...
Last week there were 386 NSDCC active listings, and today there are 343 - a difference of 57. Impressively, there were 25 listings that were marked as 'pending' in the last week! But it also means that a load of the unsuccessful sellers of 2024 will be back early next...
The was the Inventory Watch report in mid-December last year: Today's report: The NSDCC median list price today is $3,895,000. (It was higher than $4M until April 15th this year). There are 22 houses for sale priced under $1,500,000 between La Jolla and Carlsbad. The...
Some of the active home sellers aren't detecting any reason to stop trying. With 45 new listings in the last week, we're back up to 401 NSDCC houses for sale - what off-season? If you haven't cancelled your listing by now, you're plowing through Christmas and into the...
My Reasons Why NSDCC Inventory Will Surge in 2025: 1. Been trending that way - there has been 15% more NSDCC homes for sale this year than in 2023. 2. Since October 1st, there have been 90 more listings that cancelled than last year. They'll be back! 3. Prop 19 was...
Holy cow - it's December! The Spring Selling Season starts on January 4th - just 33 days from now! It will be here before we know it! The number of active listings is dropping fast now, and is getting closer to last year's count (373 vs 340). There were 452 actives...
Sellers are starting to cancel for the holidays....especially on the higher-end. But I get the feeling they will be back in 2025 - especially if the pendings count keeps rising! There have been 97 closings this month (106 last November), and they look healthy compared...
Nice uptick in pendings this week! There might be a little breather around Thanksgiving but I think December should be active with rates trickling upward. New listings keep coming so buyers might as well stay engaged - who knows what you might see! The $0 – $1,500,000...
