There have been multiple stories of the low-inventory conditions persisting. This article sums up the various quotes:
http://www.realestateeconomywatch.com/2016/02/inventory-update-pre-season-inventories-get-scary/
These national pundits never look too deep into these topics. Instead, they just run with a sexy tagline and hurry back to their lunch martini.
Let’s qualify the inventory story by price range:
NSDCC New Listings Between Jan 1 and Feb. 22
| Price Range | |||
| 0-$800,000 | |||
| $800,000-$1,400,000 | |||
| $1,400,000-$2,400,000 | |||
| $2,400,000 and higher |
If you are trying to buy a home around here priced under $800,000, then yes, inventory is in short supply.
But there are plenty of choices above $800,000. Already this year there have been 27% more homes between La Jolla and Carlsbad priced over $1,400,000 that have hit the market than in 2015 – glut-watch ahead!
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