The chart above shows that there were 61 new NSDCC pendings through January 16th last year - when mortgage rates were in the low-3s and we were in full frenzy mode. Through the 18th, there are 62 new pendings this month! We are on about the same pace as last year? Who...
Yesterday, we saw that there has been a flurry of new pendings this month. Could it be a result of brave buyers who have lowballed the sellers? We won't know until they close escrow. But there is a direct correlation between how long a home has been on the market, and...
I suggested that buyers were merely vacationing from the housing hunt over last six months of the year, and some at the open houses this weekend confirmed that it was the case for them. Last week the median days-on-market for the new pendings in January was 55 days,...
A fantastic start to the new year! In the last week, there were 36 new listings and 34 new pendings! In the previous week, we also had 36 new listings but only 15 new pendings. The total pendings count increased +30% in a week! In the Under-$3,000,000 market, there...
First of all, the calendar was perfectly set up for an extended holiday vacation and for everyone to not come back to work until this week. Mortgage rates are double what they were a year ago so nobody can afford a house, plus it's been raining cats and dogs. It would...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. In the recent years prior to the pandemic, the actives/pendings in Rancho Santa Fe ran at a 10:1 pace. Nobody is in a hurry...
Let's break down the active and pending listings by zip code is to give you a closer look at the neighborhood stats. We're going to have more active listings simply because the the list prices were all based on red-hot frenzy conditions (comps + 5% or more), and...
This company surveys new-home and resale agents every month, and this report confirms more of what we've been experiencing: A few more listings (but NSDCC listings are dropping off now). More listings not selling/buyers getting pickier. Buyer traffic is steady, and...
This year, we are ahead of both of the previous years in total sales, in spite of having 14% fewer listings - and prices being 30% to 40% higher! NSDCC Listings & Sales, Jan 1 to Aug 31 Year # of Listings Between Jan 1 - Aug 31 # of Sales S/L % Median SP 2019 3,585...
Did you get concerned about the pending index falling another 10% last week? The U.S. housing market is suffering from its lowest supply in history, and that is taking an increasingly hard toll on sales. Pending home sales, a measure of signed contracts on existing...
