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Bill at CR brought up today¬†how the national inventory of active listings has “bottomed”, and is trending upward:

http://www.calculatedriskblog.com/2013/09/weekly-update-existing-home-inventory_23.html

The group of “unsolds” has been growing in San Diego too – from the Department of Numbers (who had a glitch in their system in July):

http://www.deptofnumbers.com/asking-prices/california/san-diego

February was the lowest inventory ever recorded, and now we are +21.4% higher – but still well-under the previous seven years on the graph.

The number of total listings inputted year-to-date is in check also.  Last year at this time, we had 48,100 total listings inputted, and in 2013 we are at 51,000 Рonly about 6% higher.

In the post below we saw that the lower-end market is what’s really constrained. If it weren’t for all the high-enders sitting around having a cigar, our market would feel like the Sahara Desert!

Total SD Sales (detached & attached) from Jan. 1 to Sept. 15th:

2012: 26,105 @ $231/sf average

2013: 27,439 @ $278/sf average (+20%)

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