February Inventory Watch

February Inventory Watch

  • Jim Klinge
  • 02/2/26

Inventory Watch: February 2nd

 

This year is rolling out about the same as last year:

Feb. 3, 2025: 363 ACT/ 123 PEND

Feb. 3, 2026: 353 ACT/ 122 PEND

 

The rest of 2026 will likely be a lot like it was last year – without the Liberation Day stallout in the middle of the selling season. But will something else take its place?

Are there pocket listings not in the count? Yes, but we had them last year too.

There are a few sales happening here and there, but I doubt there are many off-market deals are being made now. Both sellers and buyers have to be tempted to wait-and-see what happens in springtime.

 

The contest for Padres tickets? The January listings are running a little under last year  – and the winning number in 2025 was 251.

NSDCC January Listings on Feb 3rd

2024: 242

2025: 243

2026: 226

Here are the guesses so far:

245 – Eddie89
251 – Tom
262 – Derek
265 – Majeed
266 – Tim DeRoche
272 – Tom H
280 – Doughboy
284 – BLB
285 – Anne M
287 – Shadash
289 – Susie
290 – Superg767
293 – Joe K
296 – shredthegnerd
299 – Dr k
301 – beachside
304 – Jackie M
308 – Skip
312 – Giving Cat
319 – Jay B
321 – Bob

Last year, the count of January listings was 251 on February 16th, and we ended up with 279 total. So there were 28 of the January listings, or 10%, didn’t hit the open market until late February or later.

 

The $0 – $2,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 5, 2026
43
$855/sf
50
32
Jan 12, 2026
45
$855/sf
52
21
Jan 19, 2026
49
$843/sf
59
22
Jan 26
44
$836/sf
50
26
Feb 2
55
$882/sf
38
32

 

The $2,000,000 – $3,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 5, 2026
45
$955/sf
72
26
Jan 12, 2026
56
$981/sf
59
24
Jan 19, 2026
60
$985/sf
55
23
Jan 26
65
$1,014/sf
53
28
Feb 2
67
$1,013/sf
51
33

 

The $3,000,000 – $4,000,000 Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 5, 2026
56
$1,299/sf
90
19
Jan 12, 2026
62
$1,292/sf
71
14
Jan 19, 2026
65
$1,265/sf
66
14
Jan 26
63
$1,304/sf
72
20
Feb 2
60
$1,319/sf
76
22

 

The $4,000,000+ Market:

Date
NSDCC Active Listings
Avg. LP/sf
Avg. DOM
# of Pendings
Jan 5, 2026
154
$1,927/sf
127
36
Jan 12, 2026
164
$1,896/sf
119
32
Jan 19, 2026
168
$1,858/sf
115
28
Jan 26
174
$1,906/sf
113
30
Feb 2
175
$1,892/sf
109
31

 

NSDCC Weekly New Listings and New Pendings

Week
New Listings
New Pendings
Total Actives
Total Pendings
Jan 5
24
12
296
112
Jan 12
48
10
325
91
Jan 19
55
22
342
86
Jan 26
44
22
346
103
Feb 2
45
29
356
116

 

NSDCC List Price Quartiles

Week
1st Quartile
Median List Price
3rd Quartile
Jan 5
$2,849,000
$4,295,000
$6,999,000
Jan 12
$2,729,000
$4,175,000
$6,850,000
Jan 19
$2,650,000
$3,995,000
$6,574,000
Jan 26
$2,670,000
$4,137,500
$6,800,000
Feb 2
$2,499,999
$3,995,000
$6,495,000

 

 

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