February 2025 Real Estate Market Update – Carlsbad, CA 92008
As we move into March 2025, Carlsbad’s real estate market (zip 92008) continues to evolve, reflecting both seasonal trends and shifting market conditions. While demand remains strong, we’re seeing some key changes compared to last year. Here’s the latest update:
Market Activity
* New Listings: Increased to 25, up from 12 last year, providing more options for buyers.
* Pending Sales: Holding steady at 13, the same as February 2024.
* Closed Sales: Up 41.7%, with 17 homes sold compared to 12 last year—showing strong buyer activity
Home Price and Market Trends
* Median Sales Price: Decreased by 20%, from $2,470,000 in February 2024 to $1,977,000 this year. This reflects a market adjustment and an opportunity for buyers to enter at more competitive prices.
* Percent of Original List Price Received: 97.2%, down slightly from 99.4% last year—indicating that sellers must price competitively to attract strong offers.
* Days on Market (DOM): Increased to 42 days, up from 26 last year, meaning homes are taking longer to sell compared to the previous hot market.
Inventory and Supply
* Homes for Sale: Increased to 40, nearly doubling last year’s 21, giving buyers more choices.
* Months of Supply: Up to 3.2 months, compared to 1.8 months last year, signaling a shift toward a more balanced market.
Market Outlook
While home prices have adjusted, demand for Carlsbad real estate remains high, and the increase in available homes provides more opportunities for buyers. For sellers, properly pricing and marketing a home is key to a successful sale in today’s evolving market.
At The Brown Team Real Estate Group, we are here to help you navigate the Carlsbad market with expert guidance and local insight. Whether you’re buying or selling, now is a great time to make a move.
Visit us at https://thebrownteamrealestategroup.com/ to connect with us today.
And remember… Local Knowledge Isn’t Expensive… It’s Priceless!
