The week of the Super Bowl is typically one of the more interesting – or dare we say exciting? – for real estate watchers. This is when sellers are ready to start unveiling their offerings for some of the busier months of RE sales – the "Spring" period, roughly defined as February through May.
If you check in on…
The week of the Super Bowl is typically one of the more interesting –
or dare we say exciting? – for real estate watchers. This is when sellers are ready to start unveiling their offerings for some of the busier months of RE sales – the "Spring" period, roughly defined as February through May.
If you check in on Redfin's MB page regularly, or however you get your market updates, you've already seen the evidence of more and more choices coming out.
Here were are on the morning of January 31, with some time still for more new listings to come out today, and we're already just above last year's level for the month of January with
46 new listings for the month.
That 46 figure does include both SFRs and THs and covers the entirety of MB. Also, it includes 7 listings that had a significant history in 2011 but were "re-listed" for one reason or another. So call it
39 "real" new listings.
How does January compare so far? Why, we've got a chart for that.
As we noted, 2012 is on pace with 2011 with an identical number of new listings. (We have not adjusted the figures for any year in this chart, because it's not possible retroactively to wipe out bogus re-lists.)
In the past 5 years, the peak was 2009 with 62 new offerings in January, though that turned out not to be a good year for sales till the 4th quarter. Both 2008 and 2010 were very close, at 61 and 58, respectively.
It's funny that, by this measure, 2011 seems to reflect a more conservative attitude by sellers – with significantly fewer diving in. As it happens, a lot of buyers found inventory to be tight last year, with few choices generally and few quality choices at several price points. In that sense, January almost foretold one of the stories of the full year.
We'll update this post after Jan. 31 finishes up, and we'll look at the whole of Spring from the past few years after we get deeper into 2012.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of November 30th, 2023 at 4:01pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
