New listings 12 (19) – still running around 30% below last year. It could be this way for a while
New Pendings of 15 (25) – 4 were above $3M. High end active!
Thats -3
Closed sales at 12 (18)
Total houses for sale 46 (29) with median of $2.344M ($2.3M). Two years ago there were 49 on the market with a median around $1.71M.
Having better offerings below $2M helped this week.
I remember years back unsuccessfully trying to convince CA Renter that this place had fundamentally changed. That it had left its working class roots far behind and was on its way to being San Diego’s Newport Beach. I think today even she would have a tough time disputing this
I just see no way we re-visit pre-pandemic pricing.
With the inventory as tight as it is, rates as high as they are and uncertainty in the economy Id imagine the rental market is insanely hot up here also. May have to look into that with some that might know better
