According to Bill’s post, there were almost as many San Diego sales in August (2,049) as there were new listings (2,323)!
The 197 NSDCC sales we had in August were the most monthly sales in 2023, and we already have 96 NSDCC closings in September….which means we should get up to the 146 sales from last September.
But the new-listings counts are dropping here AND at our feeder areas like Phoenix, Las Vegas, and Sacramento. Ideally we want those areas to have thousands of listings lying around and make it easier for people to leave San Diego!
While I was optimistic about our inventory growing next year, it could very easily go the other way – especially if it gets harder to move somewhere else.
