In late April I opined we likely wouldnt reach 20 houses on the market. We are close to the peak inventory season and not even close.
New listings 3 (9) –
New Pendings of 7 (9)
Thats -4
Closed sales at 5 (5)
Total houses for sale 8 (37) with median of $1.15M ($1.04M).
That is about 20% of what we had last year. Sure doesnt seem as though people are leaving
Mira Mesa is a neighborhood in San Diego with a population of about 70,000. Former local economist tells us SD is going downhill with residents and businesses fleeing. There are 8 single family homes for sale here
Saint George is town in Southwestern Utah with a population of about 100,000. Former local economist tells us its a boom town with SD residents flocking there. When I search Redfin for houses in St George I get 795 houses are on the market.
For the non-economist readers 795 is more than 8.
In the last day alone 9 came on the SG market. Inventory is piling up quickly there.
It seems they are anticipating a rather large flock. Maybe someone should tell them….
