Buyers and Sellers - here is a summary of the MLS statistics for hEncinitas for March and April 2007.
The inventory of Encinitas homes for sale is remaining fairly steady, increasing by about 5% from March to April. The rate of sales has increased moderately so that the absorption rate (amount of inventory) is is now less than 6 months for both detached and attached homes. The median price for attached homes has essentially remain flat since the beginning of the year, and price remain lower than they were 1 year ago, which is good news for buyers.
In contrast, despite the median price for detached homes remaining less than 1 year ago, prices have been slowly trending up since the beginning of this year. While it is still early in the year, the next few months will give us a much better idea of pricing trends in the Encinitas housing market.
If I can answer any questions about the Encinitas housing market or provide more information, please contact me at (760) 840-1360 or email me at JDowler@remax.net.
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Passionate about solving buyer & seller real estate problems in Carlsbad & coastal North County San Diego communities. Relocation to Carlsbad and nearby is my forte! CALL or TEXT ME at (760) 840-1360.
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Any residents of Encinitas care to comment? What are your thoughts on the housing market?
Jeff