1044 pretty much the same as last week from 1043 last week. Basically a quiet week around the holiday. Total SD County listings for attached and detached properties are 15,775 down from 16,425.
A 4% drop in inventory this week was pretty much in line with what should have been expected. We’ll should drop under 16,000 this week before starting to build into the year. Inventory dropped by more than 1/3rd since the peak in mid-July which hasnt happened in a few years. The last few years have probably been more the exception than the rule.
New insight of the week. Talking to people at holiday parties I saw alot of money on the sidelines and alot of people making big money outside of RE. If prices get down another 20% from here I expect to see alot of competition for quality properties!
