[quote=spdrun]Who says it is keeping going? Per the PPSF chart posted on here, prices per sf aren’t much different from last year. The real run-up was in 2013, and that’s past history.
We’re not talking about LA here, we’re talking about San Diego…
[quote=spdrun]I see a lot of units sitting with price drops within 1-2 mi of where I own my rental. NOT a fast-moving market. Secondly, I was at a few well-priced open houses last week and there was virtually no traffic.[/quote]
So now, since you quoted LA stats above, are you now talking LA area, or SD? Because if it’s SD, you must live nowhere close to where I live.
[quote=svelte]Spoke with a realtor friend this weekend – he’s been closing one sale every 1 to 2 weeks. Yikes! He says it feels like a seller’s market as he has more buyers…Realtor said this week he is getting multiple offers right now too.[/quote]
“San Diego County’s housing market surged in March, seeing its biggest annual increase in sales in nearly two years.”
Wow. Sounds a lot like I was saying above…
“Last month, 3,467 real-estate transactions closed in the county, a 13.4 percent jump from March 2014, real estate tracker CoreLogic reported Thursday. It was the biggest annual increase in sales since they rose more than 19 percent from July 2012 to July 2013.”
Again, kinda matches what I’m saying not what you’re saying…
“CoreLogic analyst Andrew LePage said inventory still remains an issue holding back the housing market. In March, there were 6,101 active listings in the county, the San Diego Association of Realtors reports. That represents fewer than two months of supply, which bodes well for sellers.
LePage said as a general rule between three and six months of supply would render the market neutral, while any more would turn the tide in favor of buyers.”
Wow…now…who was it saying it’s a seller’s market, me or you?
“Housing demand has been stoked over the last year by job growth mainly, to some extent some income growth, and increased job security,” LePage said.
From February to March sales rose 35 percent in the county, while the median home sales price was up from $440,000.”
Again…points strongly in my direction…not a tanking market.
