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2016-02-14 16.06.50

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
2014
2015
2016
0-$800,000
151
139
111
$800,000-$1,400,000
269
264
253
$1,400,000-$2,400,000
170
180
221
$2,400,000 and higher
141
157
208

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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