Market Data for DECEMBER 2006 - Carlsbad, CA

Here is a summary of the housing market, based on statistics from the MLS, for Carlsbad, CA for the month of December. This is a standard report I provide past, current and prospective clients each month.

The statistics show a drop in the inventory since the end of November of 15%. The median prices are holding steady, as compared to the previous month, however they have dropped by about 6% for detached homes. Overall inventory is about a 6-month supply of homes at the current rate of sales, which is a drop from the previous month. It is likely that the holiday season has contributed to the overall drop in inventory. The next month or two should provide a good look as to the direction the market is going as we enter the spring market.

If I can provide other information, or answer any questions, please let me know.