I don’t think a single data sample is worth anything at all. Show me enough data so that a true trend can be identified or a gap movement. This is clearly evident in the short sale monitor where the trend clearly identifies the number of short sales to be growing as a ratio of the total MLS listings in San Diego.
I am not saying that the credit crunch cannot or will not have an effect. Obviously they will.
I could say today was the hottest day ever in San Diego but it would carry more gravity if I had a list of temperatures over recent history.
Also there are currently 1239 properties pending in San Diego County over 520k as a listed price for the minimum list price.
