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Posted by on Sep 25, 2017 in Jim's Take on the Market, Rich Toscano, Sales and Price Check | 0 comments | Print Print

Frenzy of 2017

Let’s examine Rich’s other charts to see how divergent our San Diego market has been lately, comparing to the last three years.  In spite of much-higher pricing, the raw number of homes for sale has crossed under the paltry few we had during the Frenzy of 2013, and into uncharted territory:

Yet, the volume of sales has been strong – and see June :

The rest of the year looks OK too, though this is for the whole county:

There will be sellers – especially on the higher-end – who didn’t know how motivated they were until now.  Will they lower their price, or wait and take their chances next year? The market couldn’t be much better than now!

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