October 2011 Resale Housing Data Rodeo

Submitted by Rich Toscano on November 12, 2011 - 6:13pm
I didn't spot anything that seemed very meaningful in the October data.  In specific, both prices and month of inventory were virtually unchanged.  Therefore I offer the monthly roundup of graphs without further comment:



















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Submitted by FormerSanDiegan on November 15, 2011 - 3:11pm.

Price levels are definitely boring.
But, inventory seems to be approaching the levels we saw from March 2009-March 2010. The key is whether we will see a continued decline in inventory from Nov through January or not. If inventory stays flat through this period, I'd expect a relatively weak 2012. If inventory declines sharply, look for a decent rebound in 2012 prices.

I have no clue which way it will go, but this is what I am watching.

Submitted by urbanrealtor on November 15, 2011 - 5:05pm.

Thread needs more cowbell.
And zombie.
And shark.

Maybe local market is a zombie.

These graphs make me think so.

Submitted by jeeman on November 16, 2011 - 10:39am.

Interesting how the "rebound" occurred the same month that mark-to-market was suspended (March 2009).

Submitted by sdduuuude on November 16, 2011 - 1:24pm.

urbanrealtor wrote:
Thread needs more cowbell.
And zombie.
And shark.

Or, possibly a photo of some marginally interesting 70's icon like Doug Henning, or maybe Starsky & Hutch..

Submitted by urbanrealtor on November 16, 2011 - 5:01pm.

starsky and hutchstarsky and hutch

Submitted by desmond on November 18, 2011 - 9:24am.

Inventory low? Nobody wants to sell at the bottom.

Submitted by sdrealtor on November 18, 2011 - 4:15pm.

Did someone just call a bottom here?

Submitted by desmond on November 18, 2011 - 6:00pm.

No, headed downward for quite some time.

Submitted by FormerSanDiegan on November 22, 2011 - 2:02pm.

sdrealtor wrote:
Did someone just call a bottom here?

If they did they were 2 years, 7 months, 10 hours and 47 minutes too late.

Submitted by desmond on November 23, 2011 - 10:27am.

I did not call a bottom, but I did call (and sell)the peak. btw, keep talking about the bottom if that makes you feel good about real estate.

Submitted by FormerSanDiegan on December 2, 2011 - 8:38am.

desmond wrote:
I did not call a bottom, but I did call (and sell)the peak. btw, keep talking about the bottom if that makes you feel good about real estate.

Dude, nobody cares about the bottom since it happened a couple years ago.

Submitted by Rich Toscano on December 2, 2011 - 9:50am.

Interestingly, FSD, the Case Shiller index just hit a new inflation-adjusted low. (I hope to get some charts up today on that). So in real terms (which is what I think is the more important measure in terms of sizing up investment merit), we haven't hit bottom yet, or if we did it just happened. But in nominal terms, so far anyway, the bottom was indeed a couple years ago (as you called in real time!).

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