Maybe other realtors/appraisers will comment but personally I have seen an increase in the active/pending ratio in addition to more pendings overall. I have seen this happen in Scripps, UC, Carmel Valley… I believe the reason is two fold, first off the properties that were well overpriced are finally dropping off the market, and second if they are not dropping off the market they are pricing competitively and selling. That is just a guess and we need to see how things look over the next few months.
