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 | |||
| 2001 | |||
| 2002 | |||
| 2003 | |||
| 2004 | |||
| 2005 | |||
| 2006 | |||
| 2007 | |||
| 2008 | |||
| 2009 | |||
| 2010 | |||
| 2011 | |||
| 2012 | |||
| 2013 |
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
