Housingtracker reports that San Diego inventory is down 32.6% year-over-year:
San Diego Inventory:
“Housing inventory in San Diego, which is typically highest in the spring/summer and lowest in the fall/winter, peaked at 21,075 in August 2006. The lowest housing inventory level seen was 9,841 in October 2012.”
Though they are calling our inventory the lowest ever, they must be including the contingents – the pending short sales which are unavailable to purchase. Today our actives + contingents count for San Diego is 9,944 for all property types, and 9,400 detached and attached homes only.
For buyers, the inventory that matters are the homes that you can purchase today. There are 5,740 active listings of all property types – houses, condos, 2-4 units, and mobiles – and of those, there are only 2,255 active listings with a market time of 30 days or less, in a county of over 3 million people!
It’s going to get easier and easier for buyers to give up – stick around though, because there has to be motivated sellers in the pack!
San Diego Asking Prices:
I’m including links at the bottom so they don’t cross up the twitter feed:
http://www.calculatedriskblog.com/2012/10/housing-inventory-down-21-year-over.html
http://www.deptofnumbers.com/asking-prices/california/san-diego/
