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...
*not done yet! In spite of the most controversial election in the history of America - one that could have been much more distracting - the NSDCC sales in the second half of 2024 were phenomenal. The number of second-half sales rose 13% year-over-year, and the median...
Oh geez, did Jim say something about prices going down? Yes, and isn't it inevitable in areas where there is more supply than demand? Sure, we can always reflect on Rancho Santa Fe where having your home languish on the market every year is a rite of passage. Somebody...
If there is a surge of inventory in early 2025, what will happen? Here are the choices: Frenzy - With rates stubbornly high, the best case is a mini-frenzy where buyers engage in bidding wars for only the top-quality listings. Some of the insanity bleeds over to the...
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...
Kayla is in town so we were trying to do the more-professional looking videos, which for me means doing a more-formal introduction of myself for those new to our Instagram channel. On the same day, Robert Reffkin appeared on CNBC and said that research shows that...
I think we are in for several monumental changes in the market conditions next year. Some will be quick to label it a simple change from a seller's market to a buyer's market and leave you hanging. But it is a description that needs more definition - specifically,...
Last Friday I had my nine reasons why inventory is going to surge in 2025, and it's going to start up in January just like it did this year. It wasn't a bad thing in 2024 because NSDCC sales have increased +6% year-over-year as the demand picked up some of the extra...
To demonstrate further how the momentum is building, let's look at SE Carlsbad. 4th Quarter SFR Closed Sales Between $2,000,000 and $3,000,000 in the 92009: 2023: 9 2024: 23 The optimism coming off the election helped, because ALL of these went pending since November...
There are 20% more active listings, and 21% more pendings than we had last December - a monthly trend here in the fourth quarter of 2024 as the demand is keeping up with the supply. Compare it to August when there were 26% more homes for sale year-over-year, but 17%...
