U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late last year, coupled with a recent uptick in inventory, helped existing-home sales to climb following last month’s decline, with monthly gains reported in the Midwest, South, and West regions.
- Closed Sales increased 9.9 percent for Detached homes and 24.9 percent for Attached homes.
- Pending Sales decreased 6.4 percent for Detached homes and 11.2 percent for Attached homes.
- The Median Sales Price was up 18.2 percent to $1,122,500 for Detached homes and 9.6 percent to $740,000 for Attached homes.
- Days on Market decreased 37.2 percent for Detached homes and 30.6 percent for Attached homes.
- Supply decreased 11.8 percent for Detached homes but remained flat for Attached homes.
Total inventory heading into February stood at 1.01 million units, a 2% increase from the previous month and a 3.1% increase from the same time last year, for a 3 months’ supply at the current sales pace, according to NAR.
Although buyers may find additional options in their home search, inventory remains below the 5-6 months’ supply of a balanced market, and demand is exceeding supply. As a result, existing-home sales prices have continued to rise, climbing 5.1% year-over-year to $379,100.
The numbers by city:
Carlsbad
Month | Avg Sold $ | Chg | DOM | Chg | Sold Homes | Chg | Act. Listings | Chg | % List Price | YoY Chg |
02/24 | $2,024,000 | 1% | 25 | -14% | 117 | 17% | 75 | -12% | 99.4% | 27.0% |
01/24 | $2,005,000 | -0% | 29 | 12% | 100 | -2% | 85 | -6% | 97.7% | 25.5% |
12/23 | $2,013,000 | 12% | 26 | -4% | 102 | -20% | 90 | -10% | 96.9% | 24.0% |
11/23 | $1,795,000 | 1% | 27 | 23% | 128 | -15% | 100 | 4% | 97.2% | 13.1% |
10/23 | $1,778,000 | 1% | 22 | 16% | 151 | -19% | 96 | -5% | 98.3% | 10.2% |
09/23 | $1,759,000 | -3% | 19 | 27% | 186 | -3% | 101 | -3% | 98.5% | 3.3% |
08/23 | $1,815,000 | -2% | 15 | 7% | 191 | 7% | 104 | 1% | 99.6% | 0.7% |
07/23 | $1,861,000 | -3% | 14 | 0% | 179 | 15% | 103 | 6% | 100.0% | 2.2% |
06/23 | $1,920,000 | 1% | 14 | -26% | 156 | -3% | 97 | 23% | 100.3% | 3.0% |
05/23 | $1,900,000 | 6% | 19 | -17% | 161 | 15% | 79 | 22% | 100.0% | 2.4% |
04/23 | $1,793,000 | 8% | 23 | -26% | 140 | 9% | 65 | 5% | 98.4% | -0.8% |
03/23 | $1,657,000 | 4% | 31 | 0% | 128 | 35% | 62 | -2% | 96.9% | 0.8% |
02/23 | $1,594,000 | -0% | 31 | 11% | 95 | -17% | 63 | -19% | 95.5% | 5.1% |
01/23 | $1,598,000 | -2% | 28 | 0% | 114 | -10% | 78 | -21% | 95.9% | 4.1% |
12/22 | $1,623,000 | 2% | 28 | -7% | 127 | -19% | 99 | -14% | 94.4% | 4.9% |
11/22 | $1,587,000 | -2% | 30 | 0% | 156 | -4% | 115 | -9% | 94.0% | 3.1% |
10/22 | $1,614,000 | -5% | 30 | 25% | 162 | -14% | 127 | -16% | 94.9% | 5.0% |
09/22 | $1,703,600 | -5% | 24 | 41% | 188 | -12% | 151 | -11% | 95.8% | 14.3% |
08/22 | $1,802,279 | -1% | 17 | 42% | 213 | -4% | 169 | 1% | 98.9% | 22.4% |
07/22 | $1,821,026 | -2% | 12 | 20% | 223 | -4% | 167 | 19% | 102.8% | 27.6% |
06/22 | $1,863,624 | 0% | 10 | 0% | 233 | 4% | 140 | 37% | 106.7% | 29.5% |
05/22 | $1,855,969 | 3% | 10 | -17% | 223 | 6% | 102 | 36% | 109.4% | 26.2% |
04/22 | $1,807,471 | 10% | 12 | -20% | 210 | 12% | 75 | 9% | 109.5% | 23.3% |
03/22 | $1,643,465 | 8% | 15 | -12% | 187 | -6% | 69 | -5% | 107.4% | 16.1% |
02/22 | $1,516,065 | -1% | 17 | 6% | 198 | -14% | 73 | -17% | 104.4% | 20.7% |
01/22 | $1,535,059 | -1% | 16 | 0% | 231 | -17% | 88 | -15% | 103.0% | 30.4% |