Previously we experienced a healthy market when actives outnumbered pendings 2:1. Then as the market heated up, we got used to the 1:1 ratio. Now we have areas where the ratio is more than 1:2! NSDCC Detached-Home Active and Pending Listings Town or Area Zip Code...
This morning we have more homes in escrow than we have for sale! NSDCC Detached-Home Listings Listing Status # of Listings Median List Price Active 352 $3,950,000 Pending 353 $1,925,000 Once upon a time I was discussing the actives/pendings relationship with local...
We are getting close to a remarkable event - having more pendings than actives. Here's the current scorecard - 359 Actives, and 338 Pendings! NSDCC Actives and Pendings Price Range Active Listings Avg $$/sf Pending Listings Avg $$/sf 0-$1.0M 6 $424/sf 33 $640/sf $1.0M...
When you look at the general data, the 25% dip year-over-year of January listings doesn't look so bad - especially on a graph. Heck, we're in the middle of a pandemic! But look how it is playing out: NSDCC Detached-Home New Listings Price Range New Listings in...
The pendings count has been mirroring the actives pretty closely since mid-October, with the best example during election week when they moved about the same amount in opposite directions. With fewer listings and more sales, the failure rate this year has been lower...
In previous years, the action is winding down by mid-August. Not this year! We've seen more pendings than actives in the lower price ranges. This week it happened for the first time in the $1,500,000 - $2,000,000 range: NSDCC Actives and Pendings Price Range Active...
We saw those fancy graphs yesterday that compared the San Diego region to others nearby, and it appeared that the markets have slowed slightly. But let's isolate on the La Jolla-to-Carlsbad area. The chart above is from May 15th - here are the same categories today:...
THE TOTAL NUMBER OF NSDCC PENDINGS WENT UP 25% IN THE LAST WEEK! NSDCC Under $1,000,000 Market Date NSDCC Active Listings Avg. LP/sf Avg. DOM # of Pendings Jan 7 72 $469/sf 55 49 Jan 14 78 $487/sf 49 48 Jan 21 82 $488/sf 49 49 Jan 28 68 $480/sf 53 64 Feb 4 72 $483/sf...
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...
Yesterday we saw that our NSDCC sales for April should be down about 40% year-over-year, and the graph above shows about the same for average daily pending sales in San Diego County. With pendings down 40%, and deals closing harder, it probably means that the YoY...
