Update time. If the Mira Mesa update showed strength this one is downright terrifying. This is Super Bowl week which used to kick off the selling season. If we dont see a big uptick in listing inventory this week we are going back up in prices
New listings 5 (12) – here we are a month and 1/2 into the year and not only arent we getting more we get the lowest number this year
New Pendings of 15 (18) – demand is starting to amp up
Thats -10
Closed sales at 7 (8)
Total houses for sale 47 (24) with median of $2.2M ($2.4M). Two years ago there were 52 on the market
Inventory dropped a good amount this week. We had 5 houses listed and 3 were 50+ year old homes in need of redo or tear down. Recent buyers, as in the last couple decaders are staying put!
This is now conducive to rising home prices. We need inventory and we need it now to keep things in check
This reply was modified 2 years, 3 months ago by sdrealtor.
