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Home › Forums › Housing › Update: YOY SD RE Inventory continues to go further negative. Down 3.2% › It appears YOY inventory in

June 3, 2008 at 8:11 AM #216117
schizo2buyORnot
Participant

It appears YOY inventory in all of the major “bubble” markets has peaked and is now down on a YOY, not just San Deigo.

RE Inventory levels YOY:

Riverside: -8.0% http://www.housingtracker.net/askingprices/California/Riverside-SanBernardino-Ontario/

Orange County: -4.0% http://www.housingtracker.net/askingprices/California/LosAngeles-LongBeach-SantaAna/SantaAna-Anaheim-Irvine

Sacramento: -13.7% http://www.housingtracker.net/askingprices/California/Sacramento-Arden-Arcade-Roseville/

It appears San Diego’s shrinking inventories are not an anomally. The SD, OC, Sacramento, Riverside RE markets have led the rest of the nation through the various stages of the RE cycle both up and down. This collective group of market leaders now all have declining inventories.

In search of a crystal ball . . . .