San Diego year over year inventories down for third month in a row

[schizo2buyORnot]

While only a slight decline, SD inventories (as measured by MLS) have been down on a year over year basis for three months in a row . . . . (a concrete fact verifiable via attached link) What does this portend? Inventories, at least in SD, seem to have stablized at this very inflated level.

http://www.housingtracker.net/askingprices/California/SanDiego-Carlsbad-SanMarcos/

Impatient renter

[SD Realtor]

Cyclical inventory declines usually begin in June. sdr has posted his synopsis of this in the short sale monitor. The decline should continue through the fall and bottom out in the holiday season. Then start to move back up towards the beginning of the year.

Distress sales and foreclosures could alter the pattern, we will see.

SD Realtor

[SD Realtor]

Cyclical inventory declines usually begin in June. sdr has posted his synopsis of this in the short sale monitor. The decline should continue through the fall and bottom out in the holiday season. Then start to move back up towards the beginning of the year.

Distress sales and foreclosures could alter the pattern, we will see.

SD Realtor

[SD Realtor]

Cyclical inventory declines usually begin in June. sdr has posted his synopsis of this in the short sale monitor. The decline should continue through the fall and bottom out in the holiday season. Then start to move back up towards the beginning of the year.

Distress sales and foreclosures could alter the pattern, we will see.

SD Realtor

[PadreBrian]

You also have to factor in the realtor.com games. The laughable thing about that is that when you use realitor.com and zoom into a known area with houses for sale only half of them are listed on realtor.com. Realtors also play tricks by having the seller remove from market for a few days, then putting it back on. They also just rotate the houses around from listing/non-listing. It’s a lil game to prevent people from low-balling…ie paying what the property is really worth.

But, if you are a realtor, then you get to see all the listings no matter the rotation.

[PadreBrian]

You also have to factor in the realtor.com games. The laughable thing about that is that when you use realitor.com and zoom into a known area with houses for sale only half of them are listed on realtor.com. Realtors also play tricks by having the seller remove from market for a few days, then putting it back on. They also just rotate the houses around from listing/non-listing. It’s a lil game to prevent people from low-balling…ie paying what the property is really worth.

But, if you are a realtor, then you get to see all the listings no matter the rotation.

[PadreBrian]

You also have to factor in the realtor.com games. The laughable thing about that is that when you use realitor.com and zoom into a known area with houses for sale only half of them are listed on realtor.com. Realtors also play tricks by having the seller remove from market for a few days, then putting it back on. They also just rotate the houses around from listing/non-listing. It’s a lil game to prevent people from low-balling…ie paying what the property is really worth.

But, if you are a realtor, then you get to see all the listings no matter the rotation.

[LA_Renter]

I have a question for the realtors, last year when inventories hit their all time peak high….how much of that inventory was due to people trying to cash out at the top? I guess you could call that soft inventory (what the hell, lets throw it out there and see how much we can get). I imagine the inventory today has a much different composition. This has probably been discussed on other threads I was just curious if anybody assigned a percentage to the amount of soft inventory last year.

[LA_Renter]

I have a question for the realtors, last year when inventories hit their all time peak high….how much of that inventory was due to people trying to cash out at the top? I guess you could call that soft inventory (what the hell, lets throw it out there and see how much we can get). I imagine the inventory today has a much different composition. This has probably been discussed on other threads I was just curious if anybody assigned a percentage to the amount of soft inventory last year.

[LA_Renter]

I have a question for the realtors, last year when inventories hit their all time peak high….how much of that inventory was due to people trying to cash out at the top? I guess you could call that soft inventory (what the hell, lets throw it out there and see how much we can get). I imagine the inventory today has a much different composition. This has probably been discussed on other threads I was just curious if anybody assigned a percentage to the amount of soft inventory last year.

[sdduuuude]

Schizo – one thing you have to learn is to quit looking at the absolute inventory number.

Instead – look at months of inventory – calculated as inventory at the end of the month divided by the number of sales in that month.

Or, inventory at the end of the year, divided by the number of sales in the past year, then multiply by 12.

This tells you how much inventory there is RELATIVE to the number of buyers, which really gives you the supply/demand information you need to make a basic economic assessment.

As you may have heard, the national number is 9.2 months of inventory – the highest in 16 years.

[sdduuuude]

Schizo – one thing you have to learn is to quit looking at the absolute inventory number.

Instead – look at months of inventory – calculated as inventory at the end of the month divided by the number of sales in that month.

Or, inventory at the end of the year, divided by the number of sales in the past year, then multiply by 12.

This tells you how much inventory there is RELATIVE to the number of buyers, which really gives you the supply/demand information you need to make a basic economic assessment.

As you may have heard, the national number is 9.2 months of inventory – the highest in 16 years.

[sdduuuude]

Schizo – one thing you have to learn is to quit looking at the absolute inventory number.

Instead – look at months of inventory – calculated as inventory at the end of the month divided by the number of sales in that month.

Or, inventory at the end of the year, divided by the number of sales in the past year, then multiply by 12.

This tells you how much inventory there is RELATIVE to the number of buyers, which really gives you the supply/demand information you need to make a basic economic assessment.

As you may have heard, the national number is 9.2 months of inventory – the highest in 16 years.

[SD Realtor]

PadreBrian you seem to have alot of knowledge. First about the loan industry and now about real estate listings.

How about the truth rather then speculation….

Real estate listings are essentially purchased by third party agencies. Realtor.com, Zip Realty, Housevalues…etc, essentially purchase all of the listings they post from each and every association of realtors in any/every county in the great nation of ours. This is how they populate their databases. In fact, any site you go to whether it is a Coldwell Banker, or Prudential or a small discounter, or a Help U Sell, or anyone that advertises MLS listings doesn’t actually put the MLS listing on their site. These databases are actually provided by a third party company called IDX who then sells their services to all the people who want to provide on line access to searches.

The fact is that there are not any more or less listings on realtor.com or mls.com or any other of these third party agencies that advertise MLS listingsincluding IDX. The fact is that the timing to which they update their databses is what accounts for the differences. Similarly these third party providers are not obligated to post ALL of the information/pictures/etc in the actual MLS listing. Additionally the realtor associations will indeed distill out certain portions of the listings such as confidential remarks and coop commissions.

Realtor.com does not play any games as you have accussed them of. Neither does the associations that provide the MLS.

Please show me a listing that matches the example of the text you wrote below,

“The laughable thing about that is that when you use realitor.com and zoom into a known area with houses for sale only half of them are listed on realtor.com.”

I will personally look it up and verify it for you.

Furthermore this was also taken from your post;

“Realtors also play tricks by having the seller remove from market for a few days, then putting it back on. They also just rotate the houses around from listing/non-listing. It’s a lil game to prevent people from low-balling…ie paying what the property is really worth.”

Once again, show me listings that have that. PadreBrian, if you are a realtor and you have a listing, cancel it, put it on the MLS a couple days later, and continue to do this in a chronic manner you will be busted from the MLS.

Please explain to me how this will prevent low balling anyways. Any savy buyer has their agent do a thorough listing check and property background.

You cannot just move a house around like that. You will get busted by the MLS, your broker will also discipline you, and you will essentially lose your MLS priviledge.

Indeed I have had a client cancel on me 2 days after listing it only to call me the next day to put it back on. It happens.

Please, is it to much to ask to at least preface statements like this with an in my opinion statement?

SD Realtor

[SD Realtor]

PadreBrian you seem to have alot of knowledge. First about the loan industry and now about real estate listings.

How about the truth rather then speculation….

Real estate listings are essentially purchased by third party agencies. Realtor.com, Zip Realty, Housevalues…etc, essentially purchase all of the listings they post from each and every association of realtors in any/every county in the great nation of ours. This is how they populate their databases. In fact, any site you go to whether it is a Coldwell Banker, or Prudential or a small discounter, or a Help U Sell, or anyone that advertises MLS listings doesn’t actually put the MLS listing on their site. These databases are actually provided by a third party company called IDX who then sells their services to all the people who want to provide on line access to searches.

The fact is that there are not any more or less listings on realtor.com or mls.com or any other of these third party agencies that advertise MLS listingsincluding IDX. The fact is that the timing to which they update their databses is what accounts for the differences. Similarly these third party providers are not obligated to post ALL of the information/pictures/etc in the actual MLS listing. Additionally the realtor associations will indeed distill out certain portions of the listings such as confidential remarks and coop commissions.

Realtor.com does not play any games as you have accussed them of. Neither does the associations that provide the MLS.

Please show me a listing that matches the example of the text you wrote below,

“The laughable thing about that is that when you use realitor.com and zoom into a known area with houses for sale only half of them are listed on realtor.com.”

I will personally look it up and verify it for you.

Furthermore this was also taken from your post;

“Realtors also play tricks by having the seller remove from market for a few days, then putting it back on. They also just rotate the houses around from listing/non-listing. It’s a lil game to prevent people from low-balling…ie paying what the property is really worth.”

Once again, show me listings that have that. PadreBrian, if you are a realtor and you have a listing, cancel it, put it on the MLS a couple days later, and continue to do this in a chronic manner you will be busted from the MLS.

Please explain to me how this will prevent low balling anyways. Any savy buyer has their agent do a thorough listing check and property background.

You cannot just move a house around like that. You will get busted by the MLS, your broker will also discipline you, and you will essentially lose your MLS priviledge.

Indeed I have had a client cancel on me 2 days after listing it only to call me the next day to put it back on. It happens.

Please, is it to much to ask to at least preface statements like this with an in my opinion statement?

SD Realtor

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