I hate to sound like a broken record, but the real estate market in Carlsbad continues its trend of improvement. According to this week's Altos Research Report, listing prices continue to creep upwards while the Market Action Index climbed this week as well.
Inventory is very much on the low side. Right now in Carlsbad there are a total of 356 single family homes for sale. This includes Active listings as well as Contingent listings. Contingent listings are homes that are either short sales or foreclosures where the buyer and seller are awaiting final bank approval. Meanwhile, there are 180 homes in escrow. That is a supply to demand ratio of roughly 2:1, a very well balanced market.
Another metric to keep our eye on is the number of homes that have come on the market in the last 30 days versus the number of homes that went into escrow during the same time frame. Over the last 30 days, 110 homes entered the marketplace whereas 108 homes entered into escrow. Essentially this means that as soon as a home comes on the market, it goes into escrow!
Visit our website to watch the market and see what's available in your neighborhood. Let's watch the market this summer together.
Prudential California Realty