Steve recently wrote:
Since Kris always seems to steal my best and most creative post ideas (without giving me credit) I am, again, left only with the dry statistics to present to you. Please know that for next month I plan to add some fun and pizazz to this otherwise very rote, but important exercise.
First of all, blasphemy! Secondly, I know a call to arms when I see it. So this morning, with the help of our friends at Altos Research, I am out to steal his thunder. Here are your current Scripps Ranch real estate market trends.
This is the 90-day rolling average for single-family detached homes in Scripps Ranch, San Diego (92131).
This 90-day rolling average of median price per square foot is similar to the overall median.
The last down blip is questionable but, ignoring that, the chart is right-on. This is the 7-day rolling average, and this morning our Scripps Ranch inventory sits at 110 homes for sale (detached).
Again, the seven day rolling average, and market times are climbing in late Spring, somewhat of a seasonal anomaly.
If I could figure out why I keep getting an error message on the market action index chart, I would post that too. The market action index, which measures demand relative to supply, suggests we are still in a “warm seller’s market” (by the skin of our teeth). For now, you will have to take my word for it.
And, now for a final bit of “pizazz”:
So, take that, Steve!