New listings 29 – nice to see us get back up to a more reasonable level but nowhere close to what we need
New Pendings of 30 – no slowing in sight!
Thats a -1 for the week.
Closed sales at 18
Price reductions at 4 (pretty much all high dollar stuff that was hard to price)
Total houses for sale back to 52 with median of $1.99M.
A couple thoughts. First as much as I love talking about real estate, I love talking NCC my home for the last 25 years even more. Thanks to the posters profhoff and ncsd760 for joining in the fun and bringing the local color. It is appreciated.
Second, it does seem like we are starting to get a little more inventory particularly on the lower end. Nothing I can put my finger on specifically but just a sense from pouring over the data every day. It would be nice for that to continue and show up in the data too.
As I look over data its rare to see a house sit on the market more than 7 days or to not sell over asking price. Its just that kind of market with no end in sight.
Last, I work all over SD and have to say of everywhere I work we have the best group of agents up here. There are many competent, ethical and expereinced agents up here which I cant say for everywhere. Really the best of the best from my experience
And a quick p.s. If there is a market as hot as the NCC its the 4S/Del Sur market. That one is nuts also
