Inventory Watch

Inventory Watch

  • Jim Klinge
  • 02/3/21
 
Historically the market has felt healthy and balanced when we’ve had a 2:1 ratio of actives vs. pendings.
 
Remember when the Ranch was 10:1 for years? Now look at the market – especially on the lower-end:
 
NSDCC Actives and Pendings
 
Town or Area
Zip Code
Actives
Pendings
Cardiff
92007
11
16
NW Carlsbad
92008
17
19
SE Carlsbad
92009
9
38
NE Carlsbad
92010
1
12
SW Carlsbad
92011
2
17
Carmel Valley
92130
26
43
Del Mar
92014
43
13
Encinitas
92024
39
45
La Jolla
92037
101
46
RSF
92067
96
35
Solana Beach
92075
11
10
NSDCC
All Above
356
294
Carlsbad, a town of 110,000+ people, has 29 houses for sale?
 
It’s probably going to get crazier too as the traditional selling season opens up and we see a few more listings trickle out. It would take a flood of new listings to cause the market to slow down now.
 
Even though it looks like a record-low inventory for January (251 NSDCC listings so far), the number of pendings increased by 9% in the last week – buyers will not be denied!
 
I don’t think that the numbers of actives and pendings have ever been this close!
 
For more updates, follow our blog Bubbleinfo!
 
 
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