I thought this would be a good thread since we are all so impatient for data and it usually starts trickeling in around now in the way of articles and independant analysis of the MLS.
Anyone have MLS access out there? I am wondering if we can pick one zip code, 92078, to see how the sales/pending/actives look compared to July 2006 and August 2005. This is a San Marcos zip, with San Elijo included. Lots of inventory and we may see some real declines.
I am thinking that August might be the month that we start to see some significant declines in the median, although not huge. The data will reflect homes that were sold in June/July, and discounting has gotten worse over time. So as the months go by I am certain we will see the decline continue.
