New listings 19 – slow but steady flow though seems skewed to high end
New Pendings of 31 – demand keeps chugging along
Thats -13!
Closed sales at 28 –
Price reductions at 4 – If you shot to high with your initial asking price its obvious now
Total houses for sale 68 with median of $1.995M.
It just struck me that a median around $2M means that half the houses on the market are listed for $2M+. Thats crazy town. Lowest priced SFR is now $1.1M. While we could see sub $1M sales on some homes the market under $1M is essentially gone now
Still seeing price records fall though frenzy has slowed. Stopped by an open in my hood last week and it was very busy with nearly all potential buyers from up north.
If you told me that SD County could increase 20% next year I d say no way. If you told me that NCC would Id say, sure seems possible. So much money seems to flowing in here.
Still too early to check in on the long market time escrows to see if price came to them or they lowered expectations.
