San Diego Real Estate | Inventory Watch

Inventory Watch: December 4, 2023

Last week, I speculated whether we will see a nice increase next year in the number of homes for sale. Rising inventory has been happening around the country….but not here, at least not yet:

But the NSDCC market today looks a lot like it did last year, which suggests we might have similar results. I keep notes every week, and this is how my five price categories (O-$1.5M, $1.5-$2.0M, $2.0-$3.0M, $3.0-$4.0M, and $4.0M+) and the quartiles compare YoY:

As much as it seems that we’re overdue for more inventory, we probably won’t get it.

The $0 – $1,500,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2023	22	$719/sf	75	15
Jan 9	26	$687/sf	50	14
Jan 16	23	$701/sf	52	20
Jan 23	25	$751/sf	60	21
Jan 30	23	$788/sf	45	25
Feb 6	18	$750/sf	59	24
Feb 13	18	$770/sf	48	26
Feb 20	17	$778/sf	49	26
Feb 27	18	$802/sf	48	23
Mar 6	22	$802/sf	44	14
Mar 13	22	$747/sf	45	16
Mar 20	16	$826/sf	49	21
Mar 27	17	$853/sf	47	20
Apr 3	19	$803/sf	37	20
Apr 10	11	$778/sf	53	30
Apr 17	15	$690/sf	44	27
Apr 24	12	$682/sf	33	25
May 1	11	$795/sf	35	27
May 8	14	$780/sf	33	24
May 15	16	$770/sf	37	22
May 22	21	$747/sf	45	18
May 29	20	$757/sf	52	21
Jun 5	23	$755/sf	49	20
Jun 12	17	$711/sf	31	32
Jun 19	16	$674/sf	34	33
Jun 26	20	$677/sf	32	29
Jul 3	21	$645/sf	28	33
Jul 10	23	$692/sf	30	32
Jul 17	21	$730/sf	37	30
Jul 24	21	$704/sf	37	32
Jul 31	21	$713/sf	44	27
Aug 7	22	$692/sf	50	25
Aug 14	24	$693/sf	48	24
Aug 21	22	$688/sf	25	29
Aug 28	25	$679/sf	47	38
Sep 4	23	$718/sf	50	36
Sep 11	29	$685/sf	44	33
Sep 18	28	$696/sf	35	28
Sep 25	31	$725/sf	36	25
Oct 2	24	$711/sf	50	25
Oct 9	29	$742/sf	47	20
Oct 16	35	$762/sf	45	14
Oct 23	31	$745/sf	43	18
Oct 30	28	$777/sf	40	16
Nov 6	28	$791/sf	41	16
Nov 13	26	$794/sf	46	16
Nov 20	31	$849/sf	49	10
Nov 27	26	$780/sf	57	15
Dec 4	23	$805/sf	54	17

The $1,500,000 – $2,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2023	45	$809/sf	60	18
Jan 9	55	$828/sf	53	19
Jan 16	46	$838/sf	53	30
Jan 23	43	$793/sf	52	31
Jan 30	40	$778/sf	54	34
Feb 6	42	$814/sf	46	30
Feb 13	35	$823/sf	51	39
Feb 20	34	$801/sf	47	40
Feb 27	27	$846/sf	33	45
Mar 6	29	$893/sf	33	41
Mar 13	32	$850/sf	33	39
Mar 20	27	$872/sf	36	41
Mar 27	22	$832/sf	39	36
Apr 3	21	$779/sf	27	36
Apr 10	22	$816/sf	26	33
Apr 17	27	$797/sf	21	33
Apr 24	28	$856/sf	31	34
Apr 24	28	$856/sf	31	34
May 1	30	$789/sf	28	36
May 8	36	$808/sf	25	37
May 15	33	$776/sf	33	44
May 22	35	$818/sf	36	44
May 29	38	$786/sf	33	40
Jun 5	39	$791/sf	34	30
Jun 12	37	$754/sf	37	32
Jun 19	36	$779/sf	35	35
Jun 26	39	$766/sf	34	36
Jul 3	39	$776/sf	41	40
Jul 10	45	$780/sf	37	39
Jul 17	53	$807/sf	29	36
Jul 24	51	$787/sf	32	38
Jul 31	51	$763/sf	30	39
Aug 7	45	$750/sf	36	39
Aug 14	42	$739/sf	38	39
Aug 21	39	$707/sf	29	46
Aug 28	51	$723/sf	30	39
Sep 4	46	$739/sf	31	30
Sep 11	42	$771/sf	27	30
Sep 18	40	$805/sf	27	31
Sep 25	38	$851/sf	28	33
Oct 2	45	$827/sf	28	27
Oct 9	43	$891/sf	32	27
Oct 16	48	$848/sf	32	30
Oct 23	48	$837/sf	34	26
Oct 30	49	$829/sf	34	30
Nov 6	51	$825/sf	36	23
Nov 13	52	$826/sf	38	24
Nov 20	65	$863/sf	35	19
Nov 27	53	$868/sf	42	29
Dec 4	53	$843/sf	43	22

The $2,000,000 – $3,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2023	52	$869/sf	69	30
Jan 9	57	$940/sf	66	31
Jan 16	50	$948/sf	61	36
Jan 23	51	$949/sf	58	35
Jan 30	54	$964/sf	55	34
Feb 6	60	$930/sf	51	42
Feb 13	51	$1,038/sf	52	47
Feb 20	58	$1,022/sf	47	46
Feb 27	56	$1,064/sf	52	49
Mar 6	57	$995/sf	50	50
Mar 13	55	$1,015/sf	53	47
Mar 20	50	$1,011/sf	58	50
Mar 27	54	$1,039/sf	49	47
Apr 3	54	$1,035/sf	52	38
Apr 10	55	$1,004/sf	48	42
Apr 17	64	$985/sf	47	46
Apr 24	57	$1,001/sf	43	50
May 1	57	$1,008/sf	42	45
May 8	68	$1,031/sf	36	41
May 15	71	$1,007/sf	34	39
May 22	77	$1,003/sf	34	38
May 29	74	$1,002/sf	39	43
Jun 5	77	$991/sf	42	44
Jun 12	82	$986/sf	48	45
Jun 19	90	$978/sf	48	33
Jun 26	90	$1,015/sf	49	33
Jul 3	92	$1,019/sf	49	36
Jul 10	89	$1,021/sf	50	44
Jul 17	97	$1,013/sf	48	42
Jul 24	91	$1,010/sf	48	42
Jul 31	81	$999/sf	56	52
Aug 7	81	$1,011/sf	53	49
Aug 14	76	$996/sf	58	48
Aug 21	71	$959/sf	45	49
Aug 28	82	$990/sf	46	43
Sep 4	81	$1,022/sf	46	39
Sep 11	84	$1,017/sf	44	39
Sep 18	82	$1,031/sf	43	44
Sep 25	87	$1,079/sf	44	41
Oct 2	83	$1,081/sf	43	44
Oct 9	83	$1,056/sf	46	42
Oct 16	76	$1,059/sf	48	42
Oct 23	78	$1,068/sf	46	47
Oct 30	72	$1,068/sf	53	38
Nov 6	80	$1,051/sf	46	33
Nov 13	73	$1,039/sf	54	26
Nov 20	67	$1,063/sf	52	35
Nov 27	68	$1,048/sf	54	32
Dec 4	66	$1,080/sf	52	34

The $3,000,000 – $4,000,000 Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2023	29	$1,236/sf	85	6
Jan 9	29	$1,180/sf	80	5
Jan 16	31	$1,196/sf	73	8
Jan 23	33	$1,201/sf	71	7
Jan 30	37	$1,218/sf	70	6
Feb 6	34	$1,236/sf	75	12
Feb 13	43	$1,333/sf	68	11
Feb 20	39	$1,392/sf	71	18
Feb 27	37	$1,323/sf	68	22
Mar 6	49	$1,222/sf	56	20
Mar 13	49	$1,312/sf	49	22
Mar 20	46	$1,321/sf	52	25
Mar 27	50	$1,329/sf	52	25
Apr 3	49	$1,342/sf	51	23
Apr 10	50	$1,321/sf	57	24
Apr 17	47	$1,342/sf	59	26
Apr 24	49	$1,281/sf	63	28
May 1	53	$1,227/sf	62	23
May 8	55	$1,122/sf	63	19
May 15	57	$1,211/sf	59	19
May 22	59	$1,170/sf	61	19
May 29	60	$1,171/sf	60	17
Jun 5	70	$1,178/sf	55	15
Jun 12	64	$1,198/sf	53	18
Jun 19	67	$1,184/sf	54	20
Jun 26	66	$1,204/sf	58	25
Jul 3	63	$1,215/sf	58	22
Jul 10	72	$1,204/sf	59	23
Jul 17	79	$1,173/sf	64	22
Jul 24	78	$1,182/sf	63	23
Jul 31	69	$1,181/sf	66	22
Aug 7	72	$1,214/sf	65	19
Aug 14	65	$1,224/sf	67	26
Aug 21	66	$1,236/sf	57	24
Aug 28	64	$1,232/sf	64	20
Sep 4	59	$1,215/sf	70	21
Sep 11	50	$1,134/sf	78	22
Sep 18	46	$1,150/sf	80	20
Sep 25	47	$1,182/sf	84	20
Oct 2	45	$1,221/sf	80	15
Oct 9	47	$1,205/sf	75	10
Oct 16	49	$1,192/sf	80	15
Oct 23	49	$1,201/sf	71	13
Oct 30	47	$1,191/sf	73	14
Nov 6	46	$1,183/sf	77	17
Nov 13	44	$1,206/sf	77	18
Nov 20	48	$1,176/sf	74	14
Nov 27	47	$1,191/sf	78	13
Dec 4	46	$1,164/sf	70	14

The $4,000,000+ Market:

Date	NSDCC Active Listings	Avg. LP/sf	Avg. DOM	# of Pendings
Jan 2, 2023	121	$1,744/sf	126	21
Jan 9	119	$1,716/sf	123	20
Jan 16	120	$1,761/sf	121	26
Jan 23	122	$1,707/sf	119	27
Jan 30	120	$1,680/sf	121	30
Feb 6	125	$1,714/sf	118	28
Feb 13	121	$1,750/sf	116	32
Feb 20	129	$1,725/sf	112	33
Feb 27	124	$1,743/sf	115	31
Mar 6	122	$1,753/sf	109	28
Mar 13	120	$1,782/sf	109	32
Mar 20	129	$1,783/sf	106	28
Mar 27	127	$1,781/sf	106	27
Apr 3	131	$1,774/sf	105	27
Apr 10	136	$1,788/sf	107	24
Apr 17	140	$1,776/sf	108	27
Apr 24	141	$1,771/sf	107	31
May 1	142	$1,760/sf	105	30
May 8	140	$1,737/sf	104	32
May 15	141	$1,812/sf	107	37
May 22	145	$1,816/sf	106	29
May 29	142	$1,846/sf	110	36
Jun 5	152	$1,791/sf	107	31
Jun 12	163	$1,777/sf	106	24
Jun 19	166	$1,779/sf	102	26
Jun 26	179	$1,758/sf	98	29
Jul 3	184	$1,670/sf	91	39
Jul 10	192	$1,653/sf	92	42
Jul 17	187	$1,666/sf	94	47
Jul 24	185	$1,668/sf	98	49
Jul 31	184	$1,653/sf	102	51
Aug 7	178	$1,639/sf	101	51
Aug 14	182	$1,625/sf	106	45
Aug 21	177	$1,612/sf	100	43
Aug 28	181	$1,644/sf	106	40
Sep 4	179	$1,646/sf	109	32
Sep 11	177	$1,683/sf	105	32
Sep 18	169	$1,660/sf	106	29
Sep 25	183	$1,662/sf	106	27
Oct 2	180	$1,676/sf	107	25
Oct 9	190	$1,647/sf	103	30
Oct 16	185	$1,613/sf	104	33
Oct 23	181	$1,655/sf	106	32
Oct 30	184	$1,618/sf	107	31
Nov 6	172	$1,622/sf	106	32
Nov 13	170	$1,645/sf	105	31
Nov 20	174	$1,654/sf	106	25
Nov 27	164	$1,663/sf	113	26
Dec 4	161	$1,640/sf	115	21

NSDCC Weekly New Listings and New Pendings

Week	New Listings	New Pendings	Total Actives	Total Pendings
Jan 2, 2023	11	6	263	89
Jan 9	36	15	277	88
Jan 16	36	34	266	114
Jan 23	36	22	269	116
Jan 30	32	25	272	123
Feb 6	46	33	275	131
Feb 13	30	35	265	150
Feb 20	43	34	274	158
Feb 27	27	30	260	165
Mar 6	45	28	276	150
Mar 13	38	38	274	154
Mar 20	39	37	265	164
Mar 27	36	25	267	153
Apr 3	37	28	271	143
Apr 10	36	39	272	151
Apr 17	47	27	291	157
Apr 24	46	41	282	167
May 1	59	31	288	159
May 8	53	26	310	151
May 15	48	31	315	157
May 22	50	24	332	145
May 29	43	37	325	154
Jun 5	43	17	352	137
Jun 12	52	36	357	146
Jun 19	48	30	369	143
Jun 26	65	26	391	148
Jul 3	60	48	394	166
Jul 10	51	34	415	176
Jul 17	55	28	430	173
Jul 24	37	43	419	184
Jul 31	48	44	399	187
Aug 7	43	32	390	181
Aug 14	36	24	384	178
Aug 21	41	45	371	187
Aug 28	37	27	395	177
Sep 4	35	29	378	155
Sep 11	40	30	373	155
Sep 18	37	29	369	145
Sep 25	39	20	382	141
Oct 2	44	31	372	132
Oct 9	45	23	384	127
Oct 16	31	23	381	126
Oct 23	36	26	379	131
Oct 30	28	17	371	125
Nov 6	30	23	369	118
Nov 13	29	16	358	112
Nov 20	41	16	376	100
Nov 27	13	15	352	106
Dec 4	34	24	340	111

NSDCC Weekly LP Quartiles

Week	1st Quartile	2nd Quartile (Median LP)	3rd Quartile
Jan 2, 2023	$2,095,000	$3,695,000	$5,995,000
Jan 9	$1,990,000	$3,495,000	$5,775,000
Jan 16	$2,000,000	$3,574,000	$5,995,000
Jan 23	$2,099,000	$3,595,000	$5,999,000
Jan 30	$2,195,000	$3,525,000	$5,942,000
Feb 6	$2,195,000	$3,598,000	$6,845,000
Feb 13	$2,300,000	$3,795,000	$6,495,000
Feb 20	$2,397,500	$3,950,000	$6,197,500
Feb 27	$2,480,800	$3,970,000	$6,845,000
Mar 6	$2,395,000	$3,749,500	$5,995,000
Mar 13	$2,397,000	$3,772,500	$5,997,000
Mar 20	$2,580,000	$3,995,000	$6,800,000
Mar 27	$2,595,000	$3,995,000	$6,845,000
Apr 3	$2,699,000	$3,995,000	$6,750,000
Apr 10	$2,799,500	$4,074,997	$6,895,000
Apr 17	$2,600,000	$3,995,000	$6,597,000
Apr 24	$2,685,000	$4,074,997	$6,895,000
May 1	$2,695,000	$3,999,000	$6,495,000
May 8	$2,525,000	$3,849,949	$5,946,000
May 15	$2,495,000	$3,749,400	$5,950,000
May 22	$2,444,000	$3,695,400	$6,000,000
May 29	$2,495,000	$3,699,000	$6,395,000
Jun 5	$2,450,000	$3,641,500	$6,000,000
Jun 12	$2,499,900	$3,799,999	$6,496,000
Jun 19	$2,495,000	$3,750,000	$6,497,000
Jun 26	$2,450,000	$3,799,000	$6,495,000
Jul 3	$2,479,000	$3,891,500	$6,235,000
Jul 10	$2,468,000	$3,900,000	$5,998,985
Jul 17	$2,350,000	$3,669,000	$5,949,000
Jul 24	$2,399,000	$3,799,999	$5,995,000
Jul 31	$2,395,000	$3,888,000	$6,245,000
Aug 7	$2,492,000	$3,895,000	$6,345,000
Aug 14	$2,495,000	$3,995,000	$6,499,000
Aug 21	$2,499,000	$3,995,000	$6,395,000
Aug 28	$2,395,000	$3,850,000	$6,245,000
Sep 4	$2,372,500	$3,957,500	$6,446,500
Sep 11	$2,299,500	$3,995.000	$6,845,000
Sep 18	$2,349,600	$3,995,000	$6,750,000
Sep 25	$2,349,500	$3,991,500	$6,695,000
Oct 2	$2,350,000	$3,995,000	$6,700,000
Oct 9	$2,372,500	$3,999,450	$6,750,000
Oct 16	$2,325,000	$3,995,000	$6,650,000
Oct 23	$2,299,000	$3,995,000	$6,695,000
Oct 30	$2,300,000	$3,999,000	$6,750,000
Nov 6	$2,250,000	$3,888,888	$6,650,000
Nov 13	$2,225,000	$3,893,444	$6,995,000
Nov 20	$2,100,000	$3,805,000	$6,950,000
Nov 27	$2,199,999	$3,869,444	$6,950,000
Dec 4	$2,499,999	$3,896,500	$6,995,000

Inventory Watch: December 4

Inventory Watch: December 4, 2023

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