I’m not so certain inventory will go that high (of course, i could be wrong). The only reason I say this is because i’ve been watching towns in and around Boston that started rising in inventory a little before San Diego. One example, Marblehead MA, is just like Coronado, only with the best school district in the country, much more character, and a rich history dating bak to the Pilgrims. Inventory there was rising quickly, but has hit a plateau the past couple of months. I think with the speed of information flow these days (via the boob-tube, internet, etc) it will not take as long as historically for the market to reach bottom. Interestingly – prices there have dropped very little.
