San Diego Housing Market News and Analysis
August 2015 Housing Data Rodeo
Submitted by Rich Toscano on September 10, 2015 - 9:19am
While the scarcity of inventory has eased a bit, supply is still pretty tight in the grand scheme of things. Prices have accordingly continued to be pressured upwards, with the price per square foot experiencing a 2% pop last month. Here are the MoM and YoY stats...
...and here is the single graph that I think best sums up the state of things (showing as it does the relationship between months of inventory and price changes, as well as recent trends in both those things):
As in prior months, I wouldn't expect much relief for buyers until that all-important months of inventory figure increases in a more durable manner:
Looking over this month's graphs, one kind of arbitrary milestone that caught my eye was this: the Case-Shiller index (using my estimate of same, for the last couple months), has now risen by 50% from the 2009 nominal price trough. Of course, that was 6.5 years ago... although the vast majority of the price increase has taken place in the last 3.5 years.
That plus a slew of other graphs can be found below... happy shortened work-week to all.
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