Ok here is the Carmel Valley follow up by price tier:

$0 to $800K detached:
Active- 52
Contingent- 2
Pendings- 17
Monthly Sales – 12

$800k to $1M detached:
Active- 51
Contingent- 2
Pendings- 17
Monthly Sales – 10

$1M to $1.25M detached:
Active- 27
Contingent- 3
Pendings- 15
Monthly Sales – 6

$1.25M to $1.5M detached
Active- 32
Contingent- 0
Pendings- 5
Monthly Sales – 6

$1.5M plus detached
Active- 63
Contingent- 3
Pendings- 2
Monthly Sales – 5

Overall it looks like a 4 to 5 month supply based upon closed sales in all ranges except the $1.5M plus.

What really jumps out is all the pendings between $1M and $1.25M. Perhaps it has something to do with the return of jumbo financing and some pent up demand that built up while it wasnt?