In spite of all-time record prices, homeowners are losing interest in moving.
Let’s take it back a little further to show the magnitude of the change in inventory:
San Diego County Attached and Detached-Home Listings in January
2019: 4,718
2020: 3,908
2021: 3,359
2022: 2,828
Last month’s count is 40% lower than in 2019!
Forget the pandemic, we have a homedemic!
Homedemic! Like it. Did you make that one up?
Sure did!
Everyone has a magic number that would make them pack up and move from their home in coastal SD county to live in a less desirable area. For most, we are far from that number yet.
Yeah, but I think you still have to be comfortable knowing that you have a suitable place to go.
It’s easy to house-porn other areas on Zillow. But do people get in the car?
Of the rest of the people left in San Diego, it has to be less than 1% of them are actively pursuing a move out of the area currently (which is what it takes to make it worth it).