I agree with your analysis. I have only one question…You say “All properties in San Diego will sell within 30 days if priced properly.”
I read this to mean “Any particular property in San Diego will sell within 30 days if priced properly.”
Since there is a large supply, there are insufficience buyers to buy right now all of the homes even if each day prices were revised to put a portion of the homes in “properly priced” category.
One note: I tend to think about being in top 10% of VALUE rather than price, to reflect inherent differences in features, view, location, etc. The identical floor plan may have different particulars yielding two very different prices. The one with the better value has the better shot at selling, even if it has a higher price. You get what I mean?
