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There are more and more opinions about the market “moderating” and “getting back to normal”.  Compared to what?

Now that the 2013 stats are wrapping up, let’s compare it to previous years – and note how unusual the SD County inventory counts have been lately:

Year
SD Annual Sales
SD Total Listings
Percentage
2001
35,421
53,218
67%
2002
39,923
52,012
77%
2003
43,666
52,811
83%
2004
43,390
62,759
69%
2005
41,268
71,344
58%
2006
31,330
78,862
40%
2007
25,502
73,557
35%
2008
29,775
66,382
49%
2009
35,253
54,647
65%
2010
33,367
58,198
57%
2011
33,121
53,996
61%
2012
37,283
47,178
79%
2013
37,633
49,466
76%

There are more people and houses now than 10-12 years ago, yet the inventory has been lower.  The inventory was steady from 2001 to 2003, but as equity/profits grew – and could be taken tax-free – the inventory took off in the 2004-2007 era.

We’re all older now, and probably less willing to move.  Will the want/need for profits start kicking in this year?  Keep an eye on the inventory!

All SD Listings Inputted Jan 1-11

2009: 1,739

2010: 1.775

2011: 2,057

2012: 1,775

2013: 1,537

2014: 1,568

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