| Type | New Listings | Pendings | New Listings/Sales Ratio |
|---|---|---|---|
| Single Family Homes West of I-5 (92024) |
5 | 7 | 0.7 to 1 |
| Downtown Condos (92101) |
166 | 74 | 2.2 to 1 |
| 2-4 Units (92101 - 92129) |
114 | 42 | 2.7 to 1 |
A total of 29 single-family homes were available, and 7 went into escrow for a percentage of 24% of the available inventory in the 92024 zip code. 10% of the 416 available multi-unit properties went into escrow.
The past months I have focused on amount of inventory as a ratio of properties going into escrow vs. new listings for the same period. In a changing market, this is the best indicator of what is happening currently. “Solds” provide part of the story, but they indicate what happened 3 to 4 months ago.
This month, I have also looked at “percentage of sales to TOTAL inventory available.”
The increase in inventory has slowed and in the case of Encinitas above, it actually decreased for the month of March!
I think the market is better than it was six months ago, but you still need to be the best property at the lowest price on the market.
Hi, I'm Jeannie. For over 25 years I've helped investors make money in markets both good and bad. 
