It’s early, and the final February sales count will probably wind up around 165-170, which is in line with years prior to 2021. However, the pricing is nuts - and related to the number of homes for sale! Year February Listings # of Sales Median List Price Median Sales...
San Diego had the fifth highest year-over-year gain in 2021, behind metros with much lower price points (Phoenix, Tampa, Miami, and Dallas). Our month-over-month gain in December was #1 nationwide (tied with Miami). San Diego Non-Seasonally-Adjusted CSI changes...
This guy has been drunk on the doom juice for so long that he must never get out of his bunker! If he did, he would see the overwhelming demand for every new listing, even though underwriting standards are strict and rates are going up. Of the 140 NSDCC sales last...
We can see how MoM pricing started to slow at end of summer, only to have it pick up again in 4Q21: San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg Jan ’20 264.04 +0.2% +5.1% Feb 265.34 +0.5% +4.6% Mar 269.63 +1.6% +5.2% Apr...
I saw this on Greg's twitter, and thanks to Charlie too. On the ground it seems like the market is wildly out of control, but looking at this chart it looks like we're just one of the pack. Does it give buyers any comfort to know that the price explosion is happening...
San Diego fell out of the top three cities for annual change - we're down to #6 for October. But we have the highest home prices of those six cities! Though every region had double-digit YoY gains, a few cities (Boston, Denver, Minneapolis, Portland, San Francisco,...
'Deceleration' at +24.9% YoY compared to when our market was just ramping up for the year-end frenzy of 2020? I'll take it! San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg Jan ’20 264.04 +0.2% +5.1% Feb 265.34 +0.5% +4.6% Mar...
Lower volume could keep the index elevated. We had 382 sales last October, and today we're at 189 for the month with four days to go plus late-reporters. We should end up with about the same as in 2019 (240). San Diego Non-Seasonally-Adjusted CSI changes Observation...
https://journal.firsttuesday.us/san-diego-housing-indicators-2/29246/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ With the supply and demand so out of balance on the lower-end, it's incredible to see that the high-end is out-performing with faster...
The soft landing continued in July, with the month-over-month increase being half of what it was in April. The YoY set another recent high, but wasn't the all-time record. In July and August, 2004 the local index rose 33% YoY. San Diego Non-Seasonally-Adjusted CSI...
