We keep hearing that inventory is growing, but what does that mean? In the traditional way that the media reports it, a growing inventory means that there are more active listings of homes for sale. The assumption is made that this is 'good' and 'getting back to...
JtR reporting from the field about market conditions, and trying to justify one more time why we are due for some frenzy slowdown:
Socalbuyer wanted stats on other areas, and I take requests! With our temperate weather, the spring selling season really gets started in January, and kicks up a notch after the Super Bowl - and this year came out blazing. Let's compare the closings in March and April...
The new inventory has been fairly steady here in the middle of the prime selling season. Another 89 new listings since the last reading, and their list prices averaged $526/sf. We had 74 new pendings whose list prices averaged $357/sf, and their median DOM was 16 days...
The active listings of detached homes from La Jolla to Carlsbad: Date NSDCC Listings Avg. LP $$/sf Jan 14 649 $722/sf Feb 4 667 $716/sf Feb 10 679 $713/sf Feb 25 678 $719/sf March 6 727 $703/sf March 11 744 $698/sf The breakdown of those active listings is a tad...
The real estate selling season commences once the Super Bowl holiday weekend is over. What can you expect, and how can you prepare yourself for buying and selling this year? Low inventory - With no foreclosures and very few short-sales around NSDCC, the inventory of...
Tuesday's Case-Shiller report is going to blow the roof off the market: The housing market typically experiences a seasonal slowdown during the winter months, but this year seems to be different, according to the latest Campbell/Inside Mortgage Finance survey. In...
What will buyers do when faced with rapidly-rising list prices? We know that sellers are going to be adding more frosting to their already better-tasting cake. Here is the San Diego detached-home graph, showing the recent list prices going through the roof (note how...
We have an unusually low amount of homes for sale (blue line) during the prime selling season - last year we had almost twice as many houses for sale, then we have currently. I think it is part of the precision in the marketplace. Any seller who prices reasonably -...
Even though we keep hoping for more inventory, new listings are down in every category around North SD County's Coastal region, compared to the last two years. New Listings of Detached Homes between April 21st and May 25th: Year Short Sales REOs Non-SS/REO 2010 50 20...
