Home Value Update February 2024

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:
These numbers are for Single Family Detached homes and do not include Attached Homes, aka condos and townhomes.
% List Price = Percentage of the original list price that the home sold for.

Carlsbad

MonthAvg
Sold $
ChgDOMChgSold HomesChgAct. ListingsChg% List PriceYoY Chg
02/24$2,024,0001%25-14%11717%75-12%99.4%27.0%
01/24$2,005,000-0%2912%100-2%85-6%97.7%25.5%
12/23$2,013,00012%26-4%102-20%90-10%96.9%24.0%
11/23$1,795,0001%2723%128-15%1004%97.2%13.1%
10/23$1,778,0001%2216%151-19%96-5%98.3%10.2%
09/23$1,759,000-3%1927%186-3%101-3%98.5%3.3%
08/23$1,815,000-2%157%1917%1041%99.6%0.7%
07/23$1,861,000-3%140%17915%1036%100.0%2.2%
06/23$1,920,0001%14-26%156-3%9723%100.3%3.0%
05/23$1,900,0006%19-17%16115%7922%100.0%2.4%
04/23$1,793,0008%23-26%1409%655%98.4%-0.8%
03/23$1,657,0004%310%12835%62-2%96.9%0.8%
02/23$1,594,000-0%3111%95-17%63-19%95.5%5.1%
01/23$1,598,000-2%280%114-10%78-21%95.9%4.1%
12/22$1,623,0002%28-7%127-19%99-14%94.4%4.9%
11/22$1,587,000-2%300%156-4%115-9%94.0%3.1%
10/22$1,614,000-5%3025%162-14%127-16%94.9%5.0%
09/22$1,703,600-5%2441%188-12%151-11%95.8%14.3%
08/22$1,802,279-1%1742%213-4%1691%98.9%22.4%
07/22$1,821,026-2%1220%223-4%16719%102.8%27.6%
06/22$1,863,6240%100%2334%14037%106.7%29.5%
05/22$1,855,9693%10-17%2236%10236%109.4%26.2%
04/22$1,807,47110%12-20%21012%759%109.5%23.3%
03/22$1,643,4658%15-12%187-6%69-5%107.4%16.1%
02/22$1,516,065-1%176%198-14%73-17%104.4%20.7%
01/22$1,535,059-1%160%231-17%88-15%103.0%30.4%
Continue reading

Home Value Update: October 2023

U.S. sales of existing homes recently fell to a 13-year low, dropping 2.0% month-over-month and 15.4% year-over-year as of last measure, according to the National Association of REALTORS® (NAR), as surging interest rates and elevated sales prices continue to make homeownership unaffordable for many prospective buyers. Purchase activity is down significantly compared to this time last year, but rising interest rates are also keeping many current homeowners from selling, causing inventory to remain at historically low levels nationwide.

  • Closed Sales decreased 7.5 percent for Detached homes but increased 10.8 percent for Attached homes. Pending Sales decreased 10.2 percent for Detached homes but increased 28.7 percent for Attached homes.
  • The Median Sales Price was up 18.6 percent to $1,150,000 for Detached homes and 13.1 percent to $735,000 for Attached homes.
  • Days on Market decreased 16.7 percent for Detached homes and 36.7 percent for Attached homes.
  • Supply decreased 28.0 percent for Detached homes and 36.4 percent for Attached homes

Total housing inventory going into October was at 1.13 million units, up 2.7% from the previous month but down 8.1% compared to the same time last year, for a 3.4 months’ supply at the current sales pace, according to NAR. The shortage of homes for sale is making it harder for buyers to find a home to purchase while at the same time pushing sales prices higher nationwide, with the median existing-home sales price rising 2.8% annually to $394,300, the third consecutive month of year-over-year price increases.

The numbers by cities:

Carlsbad

MonthAvg
Sold $
ChgDOMChgSold HomesChgAct. ListingsChg% List PriceYoY Chg
10/23$1,778,0001%2216%151-19%96-5%98.3%10.2%
09/23$1,759,000-3%1927%186-3%101-3%98.5%3.3%
08/23$1,815,000-2%157%1917%1041%99.6%0.7%
07/23$1,861,000-3%140%17915%1036%100.0%2.2%
06/23$1,920,0001%14-26%156-3%9723%100.3%3.0%
05/23$1,900,0006%19-17%16115%7922%100.0%2.4%
04/23$1,793,0008%23-26%1409%655%98.4%-0.8%
03/23$1,657,0004%310%12835%62-2%96.9%0.8%
02/23$1,594,000-0%3111%95-17%63-19%95.5%5.1%
01/23$1,598,000-2%280%114-10%78-21%95.9%4.1%
12/22$1,623,0002%28-7%127-19%99-14%94.4%4.9%
11/22$1,587,000-2%300%156-4%115-9%94.0%3.1%
10/22$1,614,000-5%3025%162-14%127-16%94.9%5.0%
09/22$1,703,600-5%2441%188-12%151-11%95.8%14.3%
08/22$1,802,279-1%1742%213-4%1691%98.9%22.4%
07/22$1,821,026-2%1220%223-4%16719%102.8%27.6%
06/22$1,863,6240%100%2334%14037%106.7%29.5%
05/22$1,855,9693%10-17%2236%10236%109.4%26.2%
04/22$1,807,47110%12-20%21012%759%109.5%23.3%
03/22$1,643,4658%15-12%187-6%69-5%107.4%16.1%
02/22$1,516,065-1%176%198-14%73-17%104.4%20.7%
01/22$1,535,059-1%160%231-17%88-15%103.0%30.4%
Continue reading

Home Value Update: September 2023

National sales of existing homes recently fell to a 7-month low, as surging borrowing costs, rising sales prices, and limited inventory continue to keep many would-be buyers out of the market. Borrowers have become increasingly sensitive to fluctuations in mortgage rates, which have remained above 7% since mid-August. With fewer buyers able to afford the costs of homeownership, existing-home sales declined 0.7% month-over-month and were down 15.3% year-over-year, according to the National Association of
REALTORS®(NAR).

  • Closed Sales decreased 23.1 percent for Detached homes and 25.0 percent for Attached homes.
  • Pending Sales decreased 14.3 percent for Detached homes but increased 0.8 percent for Attached homes.
  • The Median Sales Price was up 15.1 percent to $1,122,500 for Detached homes and 8.5 percent to $705,571 for Attached homes.
  • Days on Market decreased 13.8 percent for Detached homes and 44.4 percent for Attached homes. Supply decreased 32.0 percent for Detached homes and 33.3 percent for Attached homes.

Prices have continued to increase this fall despite softening home sales nationwide, as a lack of inventory has kept the market competitive for prospective buyers, sparking bidding wars and causing homes to sell for above asking price in some areas.

Heading into September there were only 1.1 million units available for sale, 0.9% fewer than a month ago and 14.1% fewer than the same period last year, according to NAR. As a result, the U.S. median existing-home sales price rose 3.9% year-over-year to $407,100, marking the third consecutive month that the median sales price topped $400,000.

Here is a look at the numbers for cities:

Carlsbad

MonthAvg
Sold $
ChgDOMChgSold HomesChgAct. ListingsChg% List PriceYoY Chg
09/23$1,759,000-3%1927%186-3%101-3%98.5%3.3%
08/23$1,815,000-2%157%1917%1041%99.6%0.7%
07/23$1,861,000-3%140%17915%1036%100.0%2.2%
06/23$1,920,0001%14-26%156-3%9723%100.3%3.0%
05/23$1,900,0006%19-17%16115%7922%100.0%2.4%
04/23$1,793,0008%23-26%1409%655%98.4%-0.8%
03/23$1,657,0004%310%12835%62-2%96.9%0.8%
02/23$1,594,000-0%3111%95-17%63-19%95.5%5.1%
01/23$1,598,000-2%280%114-10%78-21%95.9%4.1%
12/22$1,623,0002%28-7%127-19%99-14%94.4%4.9%
11/22$1,587,000-2%300%156-4%115-9%94.0%3.1%
10/22$1,614,000-5%3025%162-14%127-16%94.9%5.0%
09/22$1,703,600-5%2441%188-12%151-11%95.8%14.3%
08/22$1,802,279-1%1742%213-4%1691%98.9%22.4%
07/22$1,821,026-2%1220%223-4%16719%102.8%27.6%
06/22$1,863,6240%100%2334%14037%106.7%29.5%
05/22$1,855,9693%10-17%2236%10236%109.4%26.2%
04/22$1,807,47110%12-20%21012%759%109.5%23.3%
03/22$1,643,4658%15-12%187-6%69-5%107.4%16.1%
02/22$1,516,065-1%176%198-14%73-17%104.4%20.7%
01/22$1,535,059-1%160%231-17%88-15%103.0%30.4%
Continue reading

Home Value Update: August 2023

Higher mortgage rates, along with elevated sales prices and a lack of housing inventory, have continued to impact market activity during the summer homebuying season. The average 30-year fixed-rate mortgage has remained above 6.5% since May, recently hitting a two-decade high in August,
according to Freddie Mac. As a result, existing-home sales have continued to slow nationwide, dropping 2.2% month-over-month as of last measure, with sales down 16.6% compared to the same time last year, according to the National Association of REALTORS® (NAR).

Falling home sales have done little to cool home prices, however, which have continued to sit at record high levels nationally thanks to a limited supply of homes for sale. According to NAR, there were 1.11 million homes for sale heading into August, 14.6% fewer homes than the same period last year, for a
3.3 months’ supply at the current sales pace. The shortage of homes for sale has boosted competition for available properties and is driving sales prices higher, with NAR reporting a national median existing-home price of $406,700, a 1.9% increase from a year earlier.

North County Overview:

  • Closed Sales decreased 12.1 percent for Detached homes and 19.6 percent for Attached homes.
  • Pending Sales decreased 21.7 percent for Detached homes and 16.7 percent for Attached homes.
  • The Median Sales Price was up 14.0 percent to $1,127,150 for Detached homes and 8.6 percent to $730,000 for Attached homes.
  • Days on Market decreased 8.3 percent for Detached homes and 22.7 percent for Attached homes.
  • Supply decreased 29.2 percent for Detached homes and 38.1 percent for Attached homes.

City Overview: Holding fairly steady with regard to Price, Days on Market, number of sold and active listings.

Carlsbad

MonthAvg
Sold $
ChgDOMChgSold HomesChgAct. ListingsChg% List PriceYoY Chg
08/23$1,815,000-2%157%1917%1041%99.6%0.7%
07/23$1,861,000-3%140%17915%1036%100.0%2.2%
06/23$1,920,0001%14-26%156-3%9723%100.3%3.0%
05/23$1,900,0006%19-17%16115%7922%100.0%2.4%
04/23$1,793,0008%23-26%1409%655%98.4%-0.8%
03/23$1,657,0004%310%12835%62-2%96.9%0.8%
02/23$1,594,000-0%3111%95-17%63-19%95.5%5.1%
01/23$1,598,000-2%280%114-10%78-21%95.9%4.1%
12/22$1,623,0002%28-7%127-19%99-14%94.4%4.9%
11/22$1,587,000-2%300%156-4%115-9%94.0%3.1%
10/22$1,614,000-5%3025%162-14%127-16%94.9%5.0%
09/22$1,703,600-5%2441%188-12%151-11%95.8%14.3%
08/22$1,802,279-1%1742%213-4%1691%98.9%22.4%
07/22$1,821,026-2%1220%223-4%16719%102.8%27.6%
06/22$1,863,6240%100%2334%14037%106.7%29.5%
05/22$1,855,9693%10-17%2236%10236%109.4%26.2%
04/22$1,807,47110%12-20%21012%759%109.5%23.3%
03/22$1,643,4658%15-12%187-6%69-5%107.4%16.1%
02/22$1,516,065-1%176%198-14%73-17%104.4%20.7%
01/22$1,535,059-1%160%231-17%88-15%103.0%30.4%

Encinitas

MonthAvg
Sold $
ChgDOMChgSold HomesChgAct. ListingsChg% List PriceYoY Chg
08/23$2,640,0003%21-5%820%487%100.0%-1.1%
07/23$2,560,0001%2216%82-1%450%99.7%-3.4%
06/23$2,523,0001%19-21%832%452%98.7%-2.7%
05/23$2,496,000-4%24-11%8131%4413%98%-3.7%
04/23$2,592,0002%27-18%6219%393%97.1%6.4%
03/23$2,542,00022%33-8%520%38-16%94.9%17.2%
02/23$2,077,0002%3613%520%45-4%92.2%1.2%
01/23$2,028,000-10%32-3%52-15%47-10%93.4%-5.9%
12/22$2,255,000-4%3318%61-5%52-5%92.5%1.3%
11/22$2,343,000-6%28-10%64-7%554%93.4%3.9%
10/22$2,505,000-4%3111%691%53-5%93.2%10.3%
09/22$2,604,000-2%2840%68-3%56-3%94.4%13.3%
08/22$2,668,9441%2054%70-17%584%98.1%25.6%
07/22$2,650,4042%130%84-18%5614%103.1%31.3%
06/22$2,592,6140%13-19%103-9%4920%105.6%31.3%
05/22$2,590,5936%167%11318%4121%106.7%30.1%
04/22$2,435,88712%15-25%9612%34-6%106.9%24.8%
03/22$2,169,5826%20-9%868%36-14%104.7%17.3%
02/22$2,052,570-5%22-19%80-7%42-19%103.1%17.5%
01/22$2,155,319-3%2713%86-7%52-13%101.8%27.7%

Oceanside

MonthAvg
Sold $
ChgDOMChgSold HomesChgActive ListingsChg% List PriceYoY Chg
08/23$971,000-0%140%2597%103-7%101.5%4.9%
07/23$974,000-2%14-22%2433%11110%102.1%-0.6%
06/23$997,0001%18-33%2362%1016%101.1%2.6%
05/23$988,0000%27-18%23212%9517%100%0.9%
04/23$984,0007%33-11%2087%81-21%98.5%5.6%
03/23$923,000-2%379%19410%103-18%97.2%3.0%
02/23$938,0001%340%176-7%125-15%96.1%14.0%
01/23$933,000-0%3417%190-16%147-15%95.2%9.5%
12/22$934,0003%294%225-11%173-9%95.3%9.8%
11/22$911,0003%2812%254-14%190-2%95.4%3.9%
10/22$885,000-2%254%296-2%193-6%97.4%6.3%
09/22$904,283-2%2433%303-1%206-8%96.8%11.3%
08/22$926,014-5%1838%307-4%2232%99.1%15.5%
07/22$979,5241%1318%321-17%21814%102.3%23.2%
06/22$971,761-1%11-15%385-9%19124%104.8%21.9%
05/22$979,3465%13-13%4219%15418%105.8%25.8%
04/22$931,8934%15-12%38621%1305%105.7%21.6%
03/22$896,0659%176%318-2%124-5%104.7%19.7%
02/22$823,005-3%167%324-11%130-10%103.1%18.4%
01/22$852,1430%157%364-15%144-7%102.9%24.9%

San Marcos

MonthAvg
Sold $
ChgDOMChgSold HomesChgActive ListingsChg% List PriceYoY Chg
08/23$1,185,000-0%18-14%1251%395%101.1%7.9%
07/23$1,186,0003%2111%124-6%37-12%100.6%3.8%
06/23$1,154,0003%19-5%1325%425%100.1%4.9%
05/23$1,123,0001%20-29%12613%40-9%99.3%3.4%
04/23$1,113,0009%28-20%1128%44-19%98.7%5.6%
03/23$1,017,0002%35-3%10416%54-17%97.3%-1.9%
02/23$996,0002%3624%90-14%65-14%95.5%1.5%
01/23$972,0002%297%105-15%76-16%95.2%-2.1%
12/22$951,000-2%278%123-22%90-11%94.6%-1.0%
11/22$974,000-1%259%158-3%101-6%95.0%2.8%
10/22$985,000-6%2310%163-8%107-8%95.8%6.4%
09/22$1,047,000-5%2131%177-3%116-6%96.9%11.5%
08/22$1,098,000-4%1623%183-11%1236%99.8%13.8%
07/22$1,143,0004%138%205-8%11620%102.9%17.7%
06/22$1,100,6171%120%222-1%9728%105.0%14.8%
05/22$1,085,7693%120%22411%7613%106.7%19.0%
04/22$1,053,8082%120%20110%678%107.3%18.6%
03/22$1,036,3536%120%183-4%623%106.9%24.5%
02/22$981,319-1%12-20%190-6%60-5%105.0%21.0%
01/22$993,1963%150%203-11%63-7%103.0%26.5%

Vista

MonthAvg
Sold $
ChgDOMChgSold HomesChgActive ListingsChg% List PriceYoY Chg
08/23$998,0002%167%17016%842%101.4%8.7%
07/23$982,0002%15-6%14720%826%102.1%7.6%
06/23$964,0003%16-20%123-8%7738%100.2%1.6%
05/23$936,0000%20-13%1348%5610%99.3%-1.0%
04/23$935,0008%23-21%124-6%51-16%98.7%0.9%
03/23$863,0003%29-17%13227%61-10%97.5%-3.7%
02/23$835,0002%35-3%104-10%68-22%95.3%-5.5%
01/23$820,000-1%3620%116-6%87-19%94.2%-7.2%
12/22$828,000-3%3011%124-24%107-18%95.3%-3.6%
11/22$851,945-6%2717%163-11%131-11%95.9%2.2%
10/22$906,273-0%2321%183-9%147-10%96.6%13.6%
09/22$910,549-1%1919%2013%1633%97.4%15.3%
08/22$918,4641%1633%196-14%15910%98.6%18.5%
07/22$913,029-4%129%227-12%14421%101.7%18.4%
06/22$948,4250%1110%258-3%11924%105.5%24.0%
05/22$945,9102%10-9%26712%9617%107.0%25.8%
04/22$926,8643%11-21%23811%8215%107.4%28.8%
03/22$896,5491%14-13%214-3%719%104.8%30.0%
02/22$883,560-0%16-6%220-8%65-12%103.4%34.0%
01/22$883,9073%170%240-3%74-17%102.6%31.6%

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Home Value Update: July 2023

Inventory is still very low in all areas. With interest rates approaching 7% again, doubtful that will change soon.

Carlsbad: Home prices are beginning to soften a bit. Active listings and the number of sold homes are up.

MonthAvg
Sold $
ChgDOMChgSold HomesChgAct. ListingsChg% List PriceYoY Chg
07/23$1,861,000-3%140%17915%1036%100.0%2.2%
06/23$1,920,0001%14-26%156-3%9723%100.3%3.0%
05/23$1,900,0006%19-17%16115%7922%100.0%2.4%
04/23$1,793,0008%23-26%1409%655%98.4%-0.8%
03/23$1,657,0004%310%12835%62-2%96.9%0.8%
02/23$1,594,000-0%3111%95-17%63-19%95.5%5.1%
01/23$1,598,000-2%280%114-10%78-21%95.9%4.1%
12/22$1,623,0002%28-7%127-19%99-14%94.4%4.9%
11/22$1,587,000-2%300%156-4%115-9%94.0%3.1%
10/22$1,614,000-5%3025%162-14%127-16%94.9%5.0%
09/22$1,703,600-5%2441%188-12%151-11%95.8%14.3%
08/22$1,802,279-1%1742%213-4%1691%98.9%22.4%
07/22$1,821,026-2%1220%223-4%16719%102.8%27.6%
06/22$1,863,6240%100%2334%14037%106.7%29.5%
05/22$1,855,9693%10-17%2236%10236%109.4%26.2%
04/22$1,807,47110%12-20%21012%759%109.5%23.3%
03/22$1,643,4658%15-12%187-6%69-5%107.4%16.1%
02/22$1,516,065-1%176%198-14%73-17%104.4%20.7%
01/22$1,535,059-1%160%231-17%88-15%103.0%30.4%
Continue reading

Home Value Update: December 2022

Downward pressure on home values continues, however it weakened somewhat with Carlsbad and Oceanside home values going positive for the month of December.

Home values peaked in the June, July, August time frame, depending on the area.

Average Sold price, Days on Market, Number of Homes Sold, Active Listings on the market and the % of List Price the Seller Received. Along with the month to month change. I have also added in the Year over Year change to value.

Carlsbad: Down -12.9% from June 2022 Peak

MonthAvg
Sold $
ChgDOMChgSold
Homes
ChgActive
Listings
Chg% List
Price
YoY Chg
12/22$1,623,0002%28-7%127-19%99-14%94.4%4.9%
11/22$1,587,000-2%300%156-4%115-9%94.0%3.1%
10/22$1,614,000-5%3025%162-14%127-16%94.9%5.0%
09/22$1,703,600-5%2441%188-12%151-11%95.8%14.3%
08/22$1,802,279-1%1742%213-4%1691%98.9%22.4%
07/22$1,821,026-2%1220%223-4%16719%102.8%27.6%
06/22$1,863,6240%100%2334%14037%106.7%29.5%
05/22$1,855,9693%10-17%2236%10236%109.4%26.2%
04/22$1,807,47110%12-20%21012%759%109.5%23.3%
03/22$1,643,4658%15-12%187-6%69-5%107.4%16.1%
02/22$1,516,065-1%176%198-14%73-17%104.4%20.7%
01/22$1,535,059-1%160%231-17%88-15%103.0%30.4%
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Home Value Update: November 2022

Downward pressure on home values continues.
Home values peaked in the June, July, August time frame, depending on the area.

Average Sold price, Days on Market, Number of Homes Sold, Active Listings on the market and the % of List Price the Seller Received. Along with the month to month change. I have also added in the Year over Year change to value.

Carlsbad: Down -14.8% from June 2022 Peak

MonthAvg
Sold $
ChgDOMChgSold
Homes
ChgActive
Listings
Chg% List
Price
YoY Chg
11/22$1,587,000-2%300%156-4%115-9%94.0%3.1%
10/22$1,614,000-5%3025%162-14%127-16%94.9%5.0%
09/22$1,703,600-5%2441%188-12%151-11%95.8%14.3%
08/22$1,802,279-1%1742%213-4%1691%98.9%22.4%
07/22$1,821,026-2%1220%223-4%16719%102.8%27.6%
06/22$1,863,6240%100%2334%14037%106.7%29.5%
05/22$1,855,9693%10-17%2236%10236%109.4%26.2%
04/22$1,807,47110%12-20%21012%759%109.5%23.3%
03/22$1,643,4658%15-12%187-6%69-5%107.4%16.1%
02/22$1,516,065-1%176%198-14%73-17%104.4%20.7%
01/22$1,535,059-1%160%231-17%88-15%103.0%30.4%
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Home Price Update

Downward pressure on home values continues.
Home values peaked in the June, July, August time frame, depending on the area.

Average Sold price, Days on Market, Number of Homes Sold, Active Listings on the market and the % of List Price the Seller Received. Along with the month to month change. I have also added in the Year over Year change to value.

Carlsbad:

MonthAvg
Sold $
ChgDOMChgSold
Homes
ChgActive
Listings
Chg% List
Price
YoY Chg
10/22$1,614,000-5%3025%162-14%127-16%94.9%5.0%
09/22$1,703,600-5%2441%188-12%151-11%95.8%14.3%
08/22$1,802,279-1%1742%213-4%1691%98.9%22.4%
07/22$1,821,026-2%1220%223-4%16719%102.8%27.6%
06/22$1,863,6240%100%2334%14037%106.7%29.5%
05/22$1,855,9693%10-17%2236%10236%109.4%26.2%
04/22$1,807,47110%12-20%21012%759%109.5%23.3%
03/22$1,643,4658%15-12%187-6%69-5%107.4%16.1%
02/22$1,516,065-1%176%198-14%73-17%104.4%20.7%
01/22$1,535,059-1%160%231-17%88-15%103.0%30.4%
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Prices, DOM & Price Received: Values Have Peaked?

A look back over the last 12 months.

Average Sold price, Days on Market, Number of Homes Sold, Active Listings on the market and the % of List Price the Seller Received. Along with the month to month change.

As you can see, the interest rate hikes are being felt. Home values peaked in the June, July, August time frame, depending on the area.

The question now, how much of a pull back will there be?

Carlsbad:

MonthAvg
Sold $
ChgDOMChgSold
Homes
ChgActive
Listings
Chg% List
Price
09/22$1,703,600-5%2441%188-12%151-11%95.8%
08/22$1,802,279-1%1742%213-4%1691%98.9%
07/22$1,821,026-2%1220%223-4%16719%102.8%
06/22$1,863,6240%100%2334%14037%106.7%
05/22$1,855,9693%10-17%2236%10236%109.4%
04/22$1,807,47110%12-20%21012%759%109.5%
03/22$1,643,4658%15-12%187-6%69-5%107.4%
02/22$1,516,065-1%176%198-14%73-17%104.4%
01/22$1,535,059-1%160%231-17%88-15%103.0%
12/22$1,547,0571%167%279-9%103-17%102.0%
11/22$1,538,7680%157%308-3%124-13%101.3%
10/22$1,536,5703%148%319-5%142-15%102.0%
09/22$1,490,8401%138%335-3%168-5%103.4%
08/22$1,472,9433%120%345-1%1770%105.5%
07/22$1,427,206-1%12-8%347-5%1776%106.1%
06/22$1,439,564-2%130%3649%1672%106.1%
05/22$1,471,0580%13-7%3349%1632%105.4%
04/22$1,465,9964%14-22%30731%16012%104.0%
03/22$1,415,60213%18-14%235-9%1436%102.2%
02/22$1,255,9897%21-5%258-18%1350%100.2%
01/22$1,177,092 22 314 135 99.7%
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