“I have been wondering when the “spring selling season” starts. Would we normally be seeing new stuff coming on now? I am looking at SFRs in La Jolla and there is not much new inventory at all. Most of the “new” listings are the same old retreads that have been on the market forever at 30-50% OVER peak pricing.”
This is mainly the point I was trying to make. Also there is no doubt in my mind that this is not the bottom of the market. In some places yes we are closer to the bottom. In others not at all.