The median sales price of properties in Carlsbad, California this week is $789,000. Housing inventory has been tightening up lately, and the Market Action Index has been trending up, meaning that the Buyers’ Market is moving more towards becoming a Sellers’ Market. Days on the market have also been increasing to 137, but there are still positive trends for this market.
For several weeks, home sales have been exceeding new inventory. However, because of leftover excess inventory, prices have not yet stopped falling. If the current sales trends continue, the prives should level off soon and hopefully, resume their climb.