As of June 27th, the median price in Carlsbad for a single family detached home for sale remained at $720,000, with an average of 124 days on market. Pricing has remained flat this week, but inventory contiues to climb. The market action was flat, and there doesn't seem to be a strong pull on home prices in either direction. The current market seems to be in a pause mode right now and we will need to see either more homes sell or come off the market, reducing home for sale inventory, or prices ticking up (creating a sense of urgency among home buyers) to move out of the market cycle. Days on market was also flat, with only a minor increase of 2 days on the average. Local housing market conditions are currently quite strong in favor of home buyers, even though home pricing is flat. Based on the current home selling rate, there is still several months of inventory available and home buyers still have a variety of homes to choose from. We need to see the seven day home pricing median number cross back over the 90 average to put some steam behind increasing the price of homes for sale in Carlsbad.
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