Here is a summary of the housing market, based on statistics from the MLS, for Carlsbad, CA for the month of December. This is a standard report I provide past, current and prospective clients each month.
The statistics show a drop in the inventory since the end of November of 15%. The median prices are holding steady, as compared to the previous month, however they have dropped by about 6% for detached homes. Overall inventory is about a 6-month supply of homes at the current rate of sales, which is a drop from the previous month. It is likely that the holiday season has contributed to the overall drop in inventory. The next month or two should provide a good look as to the direction the market is going as we enter the spring market.
AS OF DEC. 31, 2006 | ATTACHED HOMES | DETACHED HOMES |
Active | 233 | 417 |
Sold in Last 6 Months | 236 | 438 |
Sold/Pending In Last 6 months | 296 | 539 |
Absorption Rate (Solds) | 178 days | 171 days |
Absorption Rate (Solds Plus Pendings) | 142 days | 139 days |
Average Days on Market | 64 | 63 |
Median Price Change From 1 Year Ago | 1% | -6% |
Median Price | $464,750 | $771,250 |
Average Price | $483,294 | $811,496 |
% Chgn in MDN from prior month | 0% | 0% |
New on Market in Dec. | 42 | 82 |
Pending in Nov. | 26 (3 were new in Dec.) | 46 (8 were new in Dec.) |
If I can provide other information, or answer any questions, please let me know.
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