Carlsbad Real Estate Market Update - Trending A Little Lower

Posted by The Cascade Team Real Estate on Thursday, May 19th, 2011 at 10:44am

As of May 15th, 2011, the median price in Carlsbad for a single family detached home for sale was $725,700.  With inventory trending up and market action trending down, things seem to be weakening a bit in the real estate market.  Days on market is continuing to trend down, but the real estate market action index was esentially flat, and although there doesn't appear to be a strong pull in either direction, again it does appear to be weakening.  Recently home prices have been ticking down, as evidenced by the median list price in the chart below, but still remains in an uptrend from the absolute lows, however it still appears a little weak.  Local real estate conditions are currently quite strong in favor of home buyers.  Based on the current home selling rate, there is still several months of inventory available and buyers should find plenty of homes to choose from.  To see more information on Carlsbad area real estate and homes for sale, click here.

carlsbad-market-update_400_01

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