This is the October 2012 article for the Carlsbad Business Journal. -Tyson Lund
Fewer homes for sale amidst falling mortgage rates has left North County San Diego’s real estate market in a temporary seller’s market. A 'sellers market' is defined as a time period when buyer demand for housing exceeds available supply. A sellers market gives those selling property an opportunity to secure a higher price, sell faster and/or negotiate superior terms than compared to recent comparable sales. And although only a fraction of the strength of the extreme sellers market 2004-2005 and possibly only temporary, the current sellers market is being confirmed with several key metrics used daily by real estate practitioners..