Feb 2016 Market Report For Single Story Homes in Carlsbad CA
Here is Your City by City, Attached & Detached Single Story Homes in Carlsbad CA, San Diego Real Estate Report .
This is a comprehensive report with detailed information & comparisons of all areas and cities of San Diego County including Detached & Attached homes, Single Story Homes in Carlsbad. City by City breakdowns, Year by year & Month by month comparisons throughout San Diego County Real Estate.
The primary story, both nationally and in local submarkets, is a dwindling month’s supply of inventory. The cure, of course, is more inventory. But new construction has been lagging during this opportune moment, and sellers of existing Carslbad CA single story homes for sale are not yet hitting the market in droves. The heart of the selling season has yet to begin, so we’re still optimistically watching for an increase in activity in the coming months.
Closed Sales decreased 12.3 percent for Detached homes and 1.3 percent for Attached homes. Pending Sales increased 5.6 percent for Detached homes and 18.2 percent for Attached homes. Inventory decreased 16.2 percent for Detached homes and 25.1 percent for Attached homes.
The Median Sales Price was up 7.1 percent to $530,000 for Detached homes and 5.8 percent to $354,450 for Attached homes. Days on Market decreased 13.7 percent for Detached homes and 31.4 percent for Attached homes. Supply decreased 21.4 percent for Detached homes and 33.3 percent for Attached homes.
National housing stats were up by 10.8 percent at the end of 2015 compared to 2014, and the unemployment rate is holding low and steady at or near 4.9 percent. Meanwhile, mortgage rates continue to astound below 4.0 percent and we have witnessed an unprecedented 70 consecutive months of private-sector job growth. As consumers navigate their options, competition for the best available properties should be profound, especially if the market remains hobbled by a lack of supply.
With the low interest rates and shortage in inventory, more buyers will be out looking for homes on the market so now is the best time to sell your single story homes in Carlsbad CA.
If you need help in selling an Encinitas or Carlsbad CA home for sale or need more information about buying or selling a home, visit http://SanDiegoHomes4u.com.