Last year 92124 SFR inventory levels were much, much higher (4x !) Very low SFR inventory levels surprise me at this point in the r/e cycle and especially at this time of year…what’s happening? Would be interesting to see a map of inventory yoy changes for various SD areas.
Notably 92124 condo, twnhs & PUD market is softer with relatively “elevated” inventories. Is this “dual market” trend being experienced in other SD areas?
As for certain neighborhoods being spared a r/e downturn this time… >> mid 90’s downturn hammered EVERY community – high end even worse. Areas furthest from employment centers will be hit first and hardest.
LA_Renter: Properties available to RENT are hard to find – there is indeed a shortage in LA – especially low priced units. (due to estimated 1M illegals in LA?)
