The median list price for properties in Carlsbad this week is $799,000. There has not been a lot of new inventory on the MLS, and sales are moving faster than inventory is becoming available. Days on the market is also increasing so that the inventory that is already there is remaining, but not a lot of new inventory is being listed.
This market remains a buyer’s market, and so far, home prices are not yet moving up as the excess inventory is being consumed. However, as these supply and demand trends continue, the market will move into the Seller’s zone on the Market Action Indes, meaning that conditions will start to favor the buyer and prices may start to go higher.
Prices in Carlsbad continue to bounce around depending on where the property is located, especially its proximity to the coast. Until the Market Index moves up higher and the market becomes more of a Seller’s market, these prices will continue to be all over the map.
In this Buyer’s market, buyers should still think strongly about making a move to buy before prices start to creep up again.