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 | |||
| Cardiff | |||
| NW Carlsbad | |||
| SE Carlsbad | |||
| NE Carlsbad | |||
| SW Carlsbad | |||
| Carmel Valley | |||
| Del Mar | |||
| Encinitas | |||
| La Jolla | |||
| RSF | |||
| Solana Beach | |||
| NSDCC |
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!
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