Its official folks . . . SD RE YOY inventory is now shrinking.

[JWM in SD]

“It’s only significant because we haven’t got the volume bump in this spring like every other years.”

Precisely. Good point. If the inventory level was adjusted for seasonality, then it would look even lower still.

Quite frankly, neither the bump up in sales nor the bump down in inventory is surprising to me. It would have been more surprising if there had not been one. I was expecting both to be more robust due to knifecatchers who are ignorant but necessary to reset comps lower.

[(former)FormerSanDiegan]

Inventory is flattening on declining sales. A necessary stage to work through to get to a bottom. But not a sign thereof. Potential “want to” sellers are currently on the sidelines because it is pointless to list your home with so few buyers and compete against the REOs and other “must-sell” sellers. Number of sales is still declining year-over-year.

What usually happens next in the market cycle is that sales bottom out, then flatten and eventually start increasing (with seasonal variations obscuring the overall trends). Inventory may initially also increase to match increased demand as want-to sellers come back into the market. We may even see increasing inventory at the bottom of the market. But what matters is how much inventory relative to sales. As sales start to increase faster than inventory, that’s when we start to see a recovery.

[(former)FormerSanDiegan]

Inventory is flattening on declining sales. A necessary stage to work through to get to a bottom. But not a sign thereof. Potential “want to” sellers are currently on the sidelines because it is pointless to list your home with so few buyers and compete against the REOs and other “must-sell” sellers. Number of sales is still declining year-over-year.

What usually happens next in the market cycle is that sales bottom out, then flatten and eventually start increasing (with seasonal variations obscuring the overall trends). Inventory may initially also increase to match increased demand as want-to sellers come back into the market. We may even see increasing inventory at the bottom of the market. But what matters is how much inventory relative to sales. As sales start to increase faster than inventory, that’s when we start to see a recovery.

[(former)FormerSanDiegan]

Inventory is flattening on declining sales. A necessary stage to work through to get to a bottom. But not a sign thereof. Potential “want to” sellers are currently on the sidelines because it is pointless to list your home with so few buyers and compete against the REOs and other “must-sell” sellers. Number of sales is still declining year-over-year.

What usually happens next in the market cycle is that sales bottom out, then flatten and eventually start increasing (with seasonal variations obscuring the overall trends). Inventory may initially also increase to match increased demand as want-to sellers come back into the market. We may even see increasing inventory at the bottom of the market. But what matters is how much inventory relative to sales. As sales start to increase faster than inventory, that’s when we start to see a recovery.

[(former)FormerSanDiegan]

Inventory is flattening on declining sales. A necessary stage to work through to get to a bottom. But not a sign thereof. Potential “want to” sellers are currently on the sidelines because it is pointless to list your home with so few buyers and compete against the REOs and other “must-sell” sellers. Number of sales is still declining year-over-year.

What usually happens next in the market cycle is that sales bottom out, then flatten and eventually start increasing (with seasonal variations obscuring the overall trends). Inventory may initially also increase to match increased demand as want-to sellers come back into the market. We may even see increasing inventory at the bottom of the market. But what matters is how much inventory relative to sales. As sales start to increase faster than inventory, that’s when we start to see a recovery.

[(former)FormerSanDiegan]

Inventory is flattening on declining sales. A necessary stage to work through to get to a bottom. But not a sign thereof. Potential “want to” sellers are currently on the sidelines because it is pointless to list your home with so few buyers and compete against the REOs and other “must-sell” sellers. Number of sales is still declining year-over-year.

What usually happens next in the market cycle is that sales bottom out, then flatten and eventually start increasing (with seasonal variations obscuring the overall trends). Inventory may initially also increase to match increased demand as want-to sellers come back into the market. We may even see increasing inventory at the bottom of the market. But what matters is how much inventory relative to sales. As sales start to increase faster than inventory, that’s when we start to see a recovery.

[HereWeGo]

JWM-
I think we need to encourage investors to re-enter the RE market place at this time. That will help keep the ball rolling to the inevitable bottom.

[HereWeGo]

JWM-
I think we need to encourage investors to re-enter the RE market place at this time. That will help keep the ball rolling to the inevitable bottom.

[HereWeGo]

JWM-
I think we need to encourage investors to re-enter the RE market place at this time. That will help keep the ball rolling to the inevitable bottom.

[HereWeGo]

JWM-
I think we need to encourage investors to re-enter the RE market place at this time. That will help keep the ball rolling to the inevitable bottom.

[HereWeGo]

JWM-
I think we need to encourage investors to re-enter the RE market place at this time. That will help keep the ball rolling to the inevitable bottom.

[schizo2buyORnot]

(Sarcasm on) Na na na na na naaaah . . . I made more money than you Ex-SD and then I bought gold and oil futures 24 months back and quadupled that. So shut your pie hole. (Sarcasm off).

You sound like such an infantile ignoramous to come on to an Internet blog with an alias and proudly proclaim what an investment genius you are. Bring facts not braggadocio BS. For all we know you are a street sweeper who collects cans from trash bins and uses the change for a token at the local Internet cafe to post here from time to time. So hilarious to see you continue to tout what an investment genius you are.

OK everyone go get one or your gold stars from you Kindergarten scrapbook so we can collectively pin it on Ex-SD’s forhead so he can feel validated as the great investment genius he claims to be.

In search of a crystal ball . . . .

[schizo2buyORnot]

(Sarcasm on) Na na na na na naaaah . . . I made more money than you Ex-SD and then I bought gold and oil futures 24 months back and quadupled that. So shut your pie hole. (Sarcasm off).

You sound like such an infantile ignoramous to come on to an Internet blog with an alias and proudly proclaim what an investment genius you are. Bring facts not braggadocio BS. For all we know you are a street sweeper who collects cans from trash bins and uses the change for a token at the local Internet cafe to post here from time to time. So hilarious to see you continue to tout what an investment genius you are.

OK everyone go get one or your gold stars from you Kindergarten scrapbook so we can collectively pin it on Ex-SD’s forhead so he can feel validated as the great investment genius he claims to be.

In search of a crystal ball . . . .

[schizo2buyORnot]

(Sarcasm on) Na na na na na naaaah . . . I made more money than you Ex-SD and then I bought gold and oil futures 24 months back and quadupled that. So shut your pie hole. (Sarcasm off).

You sound like such an infantile ignoramous to come on to an Internet blog with an alias and proudly proclaim what an investment genius you are. Bring facts not braggadocio BS. For all we know you are a street sweeper who collects cans from trash bins and uses the change for a token at the local Internet cafe to post here from time to time. So hilarious to see you continue to tout what an investment genius you are.

OK everyone go get one or your gold stars from you Kindergarten scrapbook so we can collectively pin it on Ex-SD’s forhead so he can feel validated as the great investment genius he claims to be.

In search of a crystal ball . . . .

[schizo2buyORnot]

(Sarcasm on) Na na na na na naaaah . . . I made more money than you Ex-SD and then I bought gold and oil futures 24 months back and quadupled that. So shut your pie hole. (Sarcasm off).

You sound like such an infantile ignoramous to come on to an Internet blog with an alias and proudly proclaim what an investment genius you are. Bring facts not braggadocio BS. For all we know you are a street sweeper who collects cans from trash bins and uses the change for a token at the local Internet cafe to post here from time to time. So hilarious to see you continue to tout what an investment genius you are.

OK everyone go get one or your gold stars from you Kindergarten scrapbook so we can collectively pin it on Ex-SD’s forhead so he can feel validated as the great investment genius he claims to be.

In search of a crystal ball . . . .

[Author]

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