There have been multiple stories of the low-inventory conditions persisting. This article sums up the various quotes:
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
|$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!