Wed Feb 20, 2019
This week the median list price for Carlsbad, CA is $1,198,000 with the market action index hovering around 41. This is an increase over last month's market action index of 39. Inventory has held steady at or around 151.
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.