Rich does a great job every month documenting our local market trends:
Here is one of his 16 graphs for June, showing how the San Diego active inventory is 55% above last year’s pace:
He also noted that pricing increased but sales dropped, which is natural when every seller is asking more, but fewer get/deserve it.
Another interesting point is how the active inventory didn’t drop off the second half of last year, when normally it does. Will more sellers hang around longer this year hoping for the lucky sale? Probably.
It will look and feel like a stagnant or waning market, unless sellers and their agents reduce expectations. You may not be far off! Just keep lowering the price until showings and offers start happening!
See all of Rich’s great analysis here: