Hi FL Realtor. How did you find us? Welcome, and of course we are kind. We are very nice over here, unless someone tries to pull the wool over our eyes.
Why are we an indicator? I think of FL as an indicator. Why do analysts call San Diego the canary in the coal mine? I would choose FL for that designation. You are a few months ahead of us. You’ve got realtors who refuse listings, listings and open houses with nobody coming through for weeks, a realtor who wrote he had 36 listings and not a single showing in weeks. Why are you ahead of us? Did you start your price runups 6 months or a year before we did? Did you have more speculators? I believe we will follow you.
You’re not getting offers for your sellers because we have a glut of sellers. There is a seller/buyer imbalance. In SD, we have 8 sellers for every buyer. What is it for you? Think about it, if I am a seller in San Diego, the buyer that I want is looking at 7 other houses. Why would he pick mine? Hopefully I am not on a busy street or have some odd layout or other problem, because that would doom me. The price must be good. Why don’t your sellers undercut the competition? It always comes down to price. Every house will sell if the price is right. At some point, the price is so low, that investors will come back.
Our inventory is over 22,000, and exceeds the highest level of inventory of our last bubble. You can get local data by checking these sites by realtors Bob Casagrand and Jim Klinge, local realtors.
How many agents have left the profession?
Are you sure sellers here are getting 100% offers? Please tell us the details, because I find that hard to believe.