San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May)

[capeman]

[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.

[sdrealtor]

I absolutely can say that and just did. I’ll say it again. 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.

Prices are actually rising some places and in some price segmetns. A house down the street from just closed for more than the one next door which was larger with a pool and the one across the street which was also larger with a view did this time last year. Prices on many of the short sales I have in process are lower than what the houses are selling for today. Appraisals keep them from rising too rapidly.

[sdrealtor]

I absolutely can say that and just did. I’ll say it again. 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.

Prices are actually rising some places and in some price segmetns. A house down the street from just closed for more than the one next door which was larger with a pool and the one across the street which was also larger with a view did this time last year. Prices on many of the short sales I have in process are lower than what the houses are selling for today. Appraisals keep them from rising too rapidly.

[sdrealtor]

I absolutely can say that and just did. I’ll say it again. 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.

Prices are actually rising some places and in some price segmetns. A house down the street from just closed for more than the one next door which was larger with a pool and the one across the street which was also larger with a view did this time last year. Prices on many of the short sales I have in process are lower than what the houses are selling for today. Appraisals keep them from rising too rapidly.

[sdrealtor]

I absolutely can say that and just did. I’ll say it again. 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.

Prices are actually rising some places and in some price segmetns. A house down the street from just closed for more than the one next door which was larger with a pool and the one across the street which was also larger with a view did this time last year. Prices on many of the short sales I have in process are lower than what the houses are selling for today. Appraisals keep them from rising too rapidly.

[sdrealtor]

I absolutely can say that and just did. I’ll say it again. 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.

Prices are actually rising some places and in some price segmetns. A house down the street from just closed for more than the one next door which was larger with a pool and the one across the street which was also larger with a view did this time last year. Prices on many of the short sales I have in process are lower than what the houses are selling for today. Appraisals keep them from rising too rapidly.

[Rich Toscano]

[quote=jmail]Any one know if this will impact the Case-Shiller data?[/quote]

No, it will not.

This only affects the CAR reports, which nobody (apparently) pays attention to anyway.

Rich

[Rich Toscano]

[quote=jmail]Any one know if this will impact the Case-Shiller data?[/quote]

No, it will not.

This only affects the CAR reports, which nobody (apparently) pays attention to anyway.

Rich

[Rich Toscano]

[quote=jmail]Any one know if this will impact the Case-Shiller data?[/quote]

No, it will not.

This only affects the CAR reports, which nobody (apparently) pays attention to anyway.

Rich

[Rich Toscano]

[quote=jmail]Any one know if this will impact the Case-Shiller data?[/quote]

No, it will not.

This only affects the CAR reports, which nobody (apparently) pays attention to anyway.

Rich

[Rich Toscano]

[quote=jmail]Any one know if this will impact the Case-Shiller data?[/quote]

No, it will not.

This only affects the CAR reports, which nobody (apparently) pays attention to anyway.

Rich

[sunny88]

San Diego County’s home prices in April dropped at the slowest pace in three years, the Standard & Poor’s Case-Shiller Home Price Index showed Tuesday.

The index, which measures resale house prices on a three-month rolling average for 20 metro areas, stood at 144.43 points for San Diego in April, down only 0.13 point from March, the smallest month-to-month change since June 2006, when the index rose 0.46 point from the month before.

On a year-over-year basis, the index was off 20.01 percent from April 2008, the smallest year-over-year decline since February last year.

[sunny88]

San Diego County’s home prices in April dropped at the slowest pace in three years, the Standard & Poor’s Case-Shiller Home Price Index showed Tuesday.

The index, which measures resale house prices on a three-month rolling average for 20 metro areas, stood at 144.43 points for San Diego in April, down only 0.13 point from March, the smallest month-to-month change since June 2006, when the index rose 0.46 point from the month before.

On a year-over-year basis, the index was off 20.01 percent from April 2008, the smallest year-over-year decline since February last year.

[sunny88]

San Diego County’s home prices in April dropped at the slowest pace in three years, the Standard & Poor’s Case-Shiller Home Price Index showed Tuesday.

The index, which measures resale house prices on a three-month rolling average for 20 metro areas, stood at 144.43 points for San Diego in April, down only 0.13 point from March, the smallest month-to-month change since June 2006, when the index rose 0.46 point from the month before.

On a year-over-year basis, the index was off 20.01 percent from April 2008, the smallest year-over-year decline since February last year.

[sunny88]

San Diego County’s home prices in April dropped at the slowest pace in three years, the Standard & Poor’s Case-Shiller Home Price Index showed Tuesday.

The index, which measures resale house prices on a three-month rolling average for 20 metro areas, stood at 144.43 points for San Diego in April, down only 0.13 point from March, the smallest month-to-month change since June 2006, when the index rose 0.46 point from the month before.

On a year-over-year basis, the index was off 20.01 percent from April 2008, the smallest year-over-year decline since February last year.

[Author]

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