San Diego Housing Market News and Analysis
June 2012 Resale Data Rodeo
Submitted by Rich Toscano on July 15, 2012 - 6:40pm
It was more of the same last month, as months of inventory remained very low:
...and prices (as measured by the median price per square foot) continued to rise:
These two trends are tied together on this next chart, which shows that months of inventory (inverted on the blue line) has done a good job of predicting price changes (red line):
While we are now approaching the weaker part of the calendar year, the trend towards tightening inventory continues:
...and months of inventory as pictured in the first chart remains near multi-year lows. Unless something rather drastic changes, this implies further upward price pressure in the months ahead.
More charts below...
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