Home › Forums › Housing › San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May)
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capeman.
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June 30, 2009 at 4:46 PM #423382June 30, 2009 at 4:48 PM #422652
sdrealtor
ParticipantI dont know anything about those reports nor do I care. I dont know any other Realtors that pay attention to them either. Here is what we know. There is very little sellable property on the market. There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.
June 30, 2009 at 4:48 PM #422883ParticipantI dont know anything about those reports nor do I care. I dont know any other Realtors that pay attention to them either. Here is what we know. There is very little sellable property on the market. There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.
June 30, 2009 at 4:48 PM #423158ParticipantI dont know anything about those reports nor do I care. I dont know any other Realtors that pay attention to them either. Here is what we know. There is very little sellable property on the market. There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.
June 30, 2009 at 4:48 PM #423226ParticipantI dont know anything about those reports nor do I care. I dont know any other Realtors that pay attention to them either. Here is what we know. There is very little sellable property on the market. There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.
June 30, 2009 at 4:48 PM #423387ParticipantI dont know anything about those reports nor do I care. I dont know any other Realtors that pay attention to them either. Here is what we know. There is very little sellable property on the market. There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.
June 30, 2009 at 4:53 PM #422657Hatfield
ParticipantKinda like this SD-UT article:
http://www3.signonsandiego.com/stories/2009/jun/30/bn30housing115437/?business&zIndex=124782
That the rate at which home prices are falling slowed last month is interesting, but it would have been useful to see what the sales volume was.
June 30, 2009 at 4:53 PM #422888ParticipantKinda like this SD-UT article:
http://www3.signonsandiego.com/stories/2009/jun/30/bn30housing115437/?business&zIndex=124782
That the rate at which home prices are falling slowed last month is interesting, but it would have been useful to see what the sales volume was.
June 30, 2009 at 4:53 PM #423163ParticipantKinda like this SD-UT article:
http://www3.signonsandiego.com/stories/2009/jun/30/bn30housing115437/?business&zIndex=124782
That the rate at which home prices are falling slowed last month is interesting, but it would have been useful to see what the sales volume was.
June 30, 2009 at 4:53 PM #423231ParticipantKinda like this SD-UT article:
http://www3.signonsandiego.com/stories/2009/jun/30/bn30housing115437/?business&zIndex=124782
That the rate at which home prices are falling slowed last month is interesting, but it would have been useful to see what the sales volume was.
June 30, 2009 at 4:53 PM #423392ParticipantKinda like this SD-UT article:
http://www3.signonsandiego.com/stories/2009/jun/30/bn30housing115437/?business&zIndex=124782
That the rate at which home prices are falling slowed last month is interesting, but it would have been useful to see what the sales volume was.
June 30, 2009 at 5:38 PM #422662capeman
Participant[quote]There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.[/quote]
That would require overall price increases and we’re not seeing that. I believe you on what you’re seeing but you can’t say real demand outstrips supply without prices going up instead of continuing down.
Jmail- Case/Shiller is based on pricing over time and not on sales volume so it shouldn’t affect the numbers. The supply/demand metric that SD is talking about if it is real will hit pricing and will be reflected Case/Shiller numbers in the next two months.
June 30, 2009 at 5:38 PM #422893Participant[quote]There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.[/quote]
That would require overall price increases and we’re not seeing that. I believe you on what you’re seeing but you can’t say real demand outstrips supply without prices going up instead of continuing down.
Jmail- Case/Shiller is based on pricing over time and not on sales volume so it shouldn’t affect the numbers. The supply/demand metric that SD is talking about if it is real will hit pricing and will be reflected Case/Shiller numbers in the next two months.
June 30, 2009 at 5:38 PM #423168Participant[quote]There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.[/quote]
That would require overall price increases and we’re not seeing that. I believe you on what you’re seeing but you can’t say real demand outstrips supply without prices going up instead of continuing down.
Jmail- Case/Shiller is based on pricing over time and not on sales volume so it shouldn’t affect the numbers. The supply/demand metric that SD is talking about if it is real will hit pricing and will be reflected Case/Shiller numbers in the next two months.
June 30, 2009 at 5:38 PM #423236Participant[quote]There is alot more demand than supply right now. If there was adequate supply the sales numbers would be even higher than the mistaken figures they published.[/quote]
That would require overall price increases and we’re not seeing that. I believe you on what you’re seeing but you can’t say real demand outstrips supply without prices going up instead of continuing down.
Jmail- Case/Shiller is based on pricing over time and not on sales volume so it shouldn’t affect the numbers. The supply/demand metric that SD is talking about if it is real will hit pricing and will be reflected Case/Shiller numbers in the next two months.
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