First question? Is anyone out there watching this? I dont mind posting this information because I track it for myself but if no one is paying attention here, why bother? Please let me know.
This week soemthing very strange happened in the MLS. Approximately 1,000 active listings disappeared and I cant find them! Inventory dropped siginificantly this week and when I search for what came off the market this past week they aren’t there. Perhaps its a daylight savings glitch. We’ll have to see.
Bad news for bubbleheads these days as the market is going strong in desireable areas. I’m not saying prices are going up but they certainly dont look like they will be dropping to any degree this Spring/Summer!
Short sales 1,506 down significantly again from 1,577 last week!
Total SD County Listings 15,111 WAY DOWN from 16,236 from last week. Something funny is defintely going on with the MLS database. My only thought is that they cleaned up alot of old inventory that sold a long time ago but was never taken out of the database. Either way, inventory is not rising as the listings coming on are very balanced when comparing them with what is going off.
In the North County Coastal market that I watch closely, Inventory has actually dropped in the last 30 days while pendings are up. Carmel Valley inventory dropped 20% (177 to 143) while pendings are up 50% (50 to 76)! I don’t know what is happening in other areas but around me I see lots of strength. I spoke with several agents this morning who had more traffic at their open houses that they have EVER seen! I am seeing lots of offers flying around from well qualified buyers with 20% down and 800+ FICO scores.
