Exactly, for sale inventory may have just dropped by, oh, 100 homes? Guessing that 100/2000 were for sale. So we now have 23,000 instead of 23,100 homes for sale. And the entire county now has 1,100,000 housing units instead of 1,102,000 units. Not as significant as you may expect. Also, how many pendings will fall out as a direct result of fire damage, being burned down, or people simply deciding not to buy now. If I were in escrow anywhere near Poway, Rancho Bernardo etc., I would seriously think about cancelling right now…just a gut instinct many others will likely feel. Perhaps those in the know can post some data on cancelled pendings…
