I dont know where you are looking but along the prime coastal areas I dont see it. I’ve been looking in Scripps Ranch and its not there either.
Just checked 92127 and its not there either. Last year you could find houses in the Westwood area in the mid 400’s. Anything on the market under 500K is sold. Havent looked in PQ as much lately but cant imagine its much better there either.
Inventory is as thin as it has ever been. Sure there is some overpriced inventory on the market. There always is. That pretty much comprises most of the inventory thats on the market today. If it wasnt overpriced or impaired in some way it would be in escrow already.
July and August will likley look worse as what is on the market gets picked through and the seasonal/relo buyers come through the market. We could get some more inventory in early June but I wouldnt count on having a field day as a buyer any time soon. Its getting tougher and tougher to find anice house under $900K and even tougher as you move down in price.
