“But with inventory now at well below 20,000 in SD County, it’s not as bad as some portray.”

C’mon Steve…you are just kidding yourself if you think there aren’t a HUGE number of homes that will be re-listed come January/Spring PLUS several thousand more who have finally been convinced that it is NOW OR NEVER to get out…in my neighborhood of 200 homes alone, there are six current listings with another 7 that were pulled just before the holidays…these will go back on very soon.

I envision 30,000+ resales on the market by June. This doesn’t include new construction either. This market is D-E-A-D!!