How about this? The downtown normally fas 47-55
units available in a monthly inventory for the last few years, well, it perks up a lot since last spring, it has about 570 units now, that is a 1 year supply, your 3 months supply figure must be a different math in a different zip code.
Soft market is a sure thing for now, I see a bigger
discount for sold units than last year, bigger reduction from the same listing, sometime multiple reduction within a month, maybe this is only in downtown?
As they say about the stock market: “Don’t fight the Fed, don’t fight the trend”, and we all know the Fed is going to continue raise rate for at least 2-3 times to 5.5%, we know that 47% buyers in SD last year using
adjustable or interest-only loan, so the trend in SD real estate is flat to down, for how long? your guess is as good as mine.
