The monthly Data Quick numbers fluctuate a lot. Next month they could be up 20%.
LJ is definelty not down 38% for sigle family homes in the last year. It is probley only down 15% – 20% at most from the peak 3 years ago.
The water is looking pretty choppy though. Inventory is growing, jumbo interest rates are 7.5%ish, and the foreign buyers that all the hot shot agents were boasting about are apparently not buying.
Last week for the first time I saw an open house sign in Birdrock with “BANK FORECLOSURE” in big red letters.
