San Diego County Inventory Very Low

Written by Jim the Realtor

September 9, 2022

Above, Bill shows how the number of new listings is dropping off in San Diego.

Yes, in the top chart, there were 20.7% more active listings YoY because you can wrongly price a listing today. Last year, just about everything was selling, which is very unusual!

In August, 2019, there were 3,007 detached homes listed for sale in San Diego County, and 67% of them sold.  Last August, there were 2,608 detached homes listed for sale, and 83% of them sold!

We don’t want to get alarmed by any comparisons to the Uber-Frenzy of 2021.

The counts are a little different in this graph, but you can see the huge differences between the pandemic inventory, and normal times.

Today, there are 2,859 active listings of detached-homes in San Diego County.  I won’t be looking for the panic button until that number gets over 6,000 – which may never happen again:

As recently as 2018, there were 10,000+ houses for sale, and today there are fewer than 3,000?

If there was any panic, it would be because the market isn’t correcting – it’s shutting down:

https://calculatedrisk.substack.com/p/1st-look-at-local-housing-markets-86d

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