Here are some summary statstics from the MLS for September for Encinitas, considering both attached and detached homes (I compile these stats each month). Keep in mind that this represents only a snapshot of the market, and you must really look at the trends over a number of months to see what is happening.
The inventory dropped slightly from August, and the number of homes sold and oging under contract increased a little. Days on market increased slightly. The median price of detached homes dropped by about 1% from the previous month. Please feel free to email me if you would like further information or have questions about the market.
Thanks Brian. I think that is the case is some areas. I am working on the stats for OCtober which is, preliminarily, showing that the absorption rates are below 6 months for a number of communities, among other things. SMall changes, but encouraging.
DISCLAIMER: I must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to my blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions expressed in these articles are mine.
Jeff Dowler ~ Carlsbad Real Estate ~ 760-840-1360
;)
;)
This sounds like a good sign that the market is stabilizing in North County