Here are the data I have summarized from the MLS as of the end of September (as I do for all the coastal communities I service) for the Carlsbad real estate market (all 4 zips). Just a couple of quick notes:
- The inventory has dropped off a little from the previous month
- The number of homes sold has increased as a percentage of total volume
- There is approximately a 7-month supply of homes (both attached and detached) when looking at the number of sales in the last 6 months as a function of the number of active homes at the end of September.
|
AS OF SEPT. 30, 2006 |
ATTACHED HOMES |
DETACHED HOMES |
|
Active |
359 |
613 |
|
Sold in Last 6 Months |
297 |
499 |
|
Sold/Pending In Last 6 months |
349 |
606 |
|
Absorption Rate (Solds) |
218 |
221 days |
|
Absorption Rate (Solds Plus Pendings) |
185 |
182 days |
|
Average Days on Market |
59 |
61 |
|
Median Price Change From 1 Year Ago |
0% |
0% |
|
Median Price |
$466,125 |
$774,000 |
|
Average Price |
$486,910 |
$807,010 |
|
New on Market in Sept. |
79 |
142 |
|
Pending in Sept. |
22 |
38 |
