Padres’ Tickets Contest – Guesses Under 800: 740 – Doughboy 755 – Neil 777 – Bb 785 – Recordsclerk 799 – TominLaCosta Even if a few more are added in the coming days, Bb is our winner - congratulations! (Bb, contact me for tickets) Today's count: NSDCC New Listings...
We've had a mini-surge in listings over the last few days! There will be a few more added to the MLS this week, but it looks like the total for the first two months of the year will wind up in the 760-785 range. NSDCC New Listings Jan 1 to Feb 28 (as of March 4th):...
It's March! How are we doing? We've considered a 2:1 ratio of active-to-pending listings to be a sign of a healthy market. Though pricing is much higher than in the recent past, we're under 3.0 is all but the highest-end areas: Here are the Actives/Pendings stats for...
We saw yesterday that we had 5% fewer January listings year-over-year, giving the impression that sellers aren't rushing their homes to market. But we came into 2019 with more leftover listings from last year - and they are already starting to pile up: NSDCC...
The Big Game is over, so many will turn their full attention towards moving! We're off to a good start: Mortgage rates are about the same as they were last year, The NSDCC inventory isn't exploding, and The NSDCC Pendings have jumped up 19% in the last two weeks! You...
We were due for a surge in market activity with rates coming down, and the Chargers and rain both being done. Several agents are reporting increased activity over the last few days, and it seems like buyers are engaging. We should see heightened activity for the...
Though the number of pendings has been lower recently, the closed sales are about the same as last year. Buyers are probably more reluctant to cancel a sale once in escrow? NSDCC Action Between Jan 1st and April 10th Year # of Closed Sales # of New Listings CS/NL % of...
Typically, sales begin to taper off in July and decline for the rest of the year. This year should be no different.....and the drop might have already begun: NSDCC Monthly Sales, 2017 May: 343 June: 225 (as of this morning) The last week of the month always has a...
Reader Tom had this observation yesterday: I think the market turned this week. I’m seeing more inventory where I look. I’m seeing more price reductions. I’m seeing houses come on decently priced that aren’t flying off market. I think we will look back in 2 years and...
The overall environment can be sized up by comparing how many houses have sold, compared to the number of new listings hitting the market. A surge of new listings can set buyers back on their heels. We could make that case about what happened last spring, when we had...
