San Diego Housing Market News and Analysis
Despite Rebound, Home Sales Historically Weak
Submitted by Rich Toscano on September 17, 2009 - 8:54am
Home sales may have recovered strongly from the depths they plumbed in 2007 and 2008, but they are still anemic when compared to San Diego sales activity over the past couple of decades.
You wouldn't know it from looking at a chart of historical home sales. The number of sales, indicated by the blue line in the following graph, has recently vaulted up to the upper part of the historical range:
But it's not quite that simple. (Is it ever?)
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