JC it really depends on the type of housing and the area you are looking in.
Right now Scripps is PSYCHOTIC. The active/pending ratio is now better then 2 to 1. As a wannabe buyer I have thrown in the towel for awhile as the market is just to hot. 94 actives and 48 pendings. Conversely I went to a listing appointment for a condo on 3rd Street at Moonlight Beach. I did a search on the two mapcodes in that area and the active pending ratio was 18 to 1. May answer to you JC is that in general the activity is still there. I am hoping to see it taper off as the summer wears down. Agreed with pony… (as sdr says) lots of good deals but not alot of great properties.
Anyways the beat goes on…
As usual this is not an endorsement that you should go out and buy a home now if financial considerations are the driving force for making a purchase….