“Folks…we are only 21% of the way through 2007. Nearly 80% of the year awaits and I project it gets much, much worse before it gets any better. Have faith, will ya?”
Short sales 1,635 heading up again from 1,566 last week!
Total SD County Listings 15,393 essentially unchaged from 15,317 last week.
In the North County Coastal market that I watch closely, Inventory is DROPPING right now! It is nearly 20% lower than last year while pending are stable or higher. Here are the numbers for detached homes in 92009, 92011 and 92024.
438 SFR’s active the 1st week in April compared to 524 in 2006 and 282 in 2005. 186 SFR’s in escrow the 1st week in April compared to 176 in 2006 and 192 in 2005.
March closings of resale homes (I pull out the builder sales) were 90 last year and 89 reported so far for this year. Throw in a few late reporters and sales volume wil be up this year in my area. I’m sure the rest of SD is not seeing the same thing though.
