Kids are back in school! I’ve got 4 high school seniors out back each day attending virtual classes in a large pop up tent. Gonna be an interesting few months until schools hopefully re-open for physical attendance.
New listings 19 is the lowest since early April when it was 18.
As one might expect with back to school and hopefully they bounce back up the next few weeks.
New Pendings up to 41 so the buyers didnt take a break! That ripped a big chunk out of active inventory here. Did not expect that! Thats minus 22 compared to new listings. Inventory keeps declining. It is particularly low in the two South Carlsbad zips. Maybe the lowest Ive seen in 20 years.
Closed sales at 36 reflecting all the activity through Summer.
Slight uptick with 16 price reductions. If your house isnt selling with inventory this low its time to take a hard look at price.
Total houses for sale down to 103. There are as many in Encinitas as the 2 S carlsbad zips. Ive never tracked that but experience tells me thats astounding and reflects the fact that Encinitas is becoming increasingly high end.
We have about 1/2 month inventory around here and most is very high priced
Market still cruising but with so little on the market I think these pendings gotta start dropping in a big way soon.
