Rich Toscano has updated his San Diego housing charts:
The recent active-inventory trend looks a lot more like it did in 2010:
It is still very low, with 6,596 attached and detached listings today. But it is 50% higher than it was earlier in the year, and adding that higher November datapoint to his graph would be the only time in this four-year history that inventory kept going up. If there isn’t the usual holiday listing-cancellation fest, and we have a larger group of picked-overs to start 2014, sellers with an itchy trigger finger might rush their decision to list earlier in spring.
Let’s face it; if there is a flood, it means that it might get up to your ankles. But if buyers hesitate, it could be a whole new ballgame.
Will they be patient?
See Rich’s other graphs by clicking on link below: