The 2022 inventory is off to a slow start – and I don’t expect it to improve much, in spite of record pricing:
| Year | ||
| 2018 | ||
| 2019 | ||
| 2020 | ||
| 2021 | ||
| 2022 |
The 682 listings this year was 31% lower than in the first quarter of last year, and about half of what we had prior to the pandemic. No wonder that the median list price was 36% higher, year-over-year!
My fear is that some politician will come up with the great idea that the way to “free” up the housing market is to price out the longer residents. Weakening Prop 13 being obvious but the are many more state and municipal options. See the recent efforts to implement a wealth tax.
Don’t underestimate Joe
and Gavin wanting more
of your wallet.