1,226 (about 2.5% higher) up from 1,196 last week.
Total SD County listings for attached and detached properties are 15,535 up from 15,460 barely a blip from last week. Inventory is leaving the market as quickly as it comes on. In my sub-market pendings have climbed 10% for the 2nd week in a row and active inventory is flat.
Everything I am seeing points to a much slower decline this year than last. As of today, I believe it will likely take at least 3 more years to get to the bottom if not longer. Any significant downward movement from here will require a significant increase in distress sales (which most here, myself included expect) because “casual sellers” dont seem like they will budge unless they become “must sellers”.
