San Diego YOY Inventory now nearly flat.

[schizo2buyORnot]

I have been watching this figure for some time and have posted on it in the past. After rising to a peak YOY increase of 28%, SD YOY inventory is now nearly flat at 4% greater inventory than this same week last year. More notable is decreasing inventory during the spring season this year when during the same tme last year the inventory numbers were soaring. Inventory numbers is one of the first leading indicators of market direction whether that direction is up or down. Inventory levels are elevated and near all time highs but YOY they are now nearly level. If the trend continues they will go negative in the next week or two. The last four weeks the numbers have gone from 14%, 12%, 9%, 4% on a YOY basis from the same week last year. Inventory is flattening, not spiking.

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

[SDEngineer]

Bear in mind though that the banks (and courts) apparently haven’t been able to keep up with foreclosures – that’s essentially must-sell inventory that is just waiting in the wings.

[SDEngineer]

Bear in mind though that the banks (and courts) apparently haven’t been able to keep up with foreclosures – that’s essentially must-sell inventory that is just waiting in the wings.

[SDEngineer]

Bear in mind though that the banks (and courts) apparently haven’t been able to keep up with foreclosures – that’s essentially must-sell inventory that is just waiting in the wings.

[SDEngineer]

Bear in mind though that the banks (and courts) apparently haven’t been able to keep up with foreclosures – that’s essentially must-sell inventory that is just waiting in the wings.

[SDEngineer]

Bear in mind though that the banks (and courts) apparently haven’t been able to keep up with foreclosures – that’s essentially must-sell inventory that is just waiting in the wings.

[jpinpb]

SD Engineer – That is so true. Today 1844 Law was scheduled to go to foreclosure. I’m not even sure if it actually went. A default was filed in October of 2007. We’re talking 6 months before they scheduled a foreclosure and for all I know, it might have been postponed.

That’s just one. There’s so many more out there.

[jpinpb]

SD Engineer – That is so true. Today 1844 Law was scheduled to go to foreclosure. I’m not even sure if it actually went. A default was filed in October of 2007. We’re talking 6 months before they scheduled a foreclosure and for all I know, it might have been postponed.

That’s just one. There’s so many more out there.

[jpinpb]

SD Engineer – That is so true. Today 1844 Law was scheduled to go to foreclosure. I’m not even sure if it actually went. A default was filed in October of 2007. We’re talking 6 months before they scheduled a foreclosure and for all I know, it might have been postponed.

That’s just one. There’s so many more out there.

[jpinpb]

SD Engineer – That is so true. Today 1844 Law was scheduled to go to foreclosure. I’m not even sure if it actually went. A default was filed in October of 2007. We’re talking 6 months before they scheduled a foreclosure and for all I know, it might have been postponed.

That’s just one. There’s so many more out there.

[jpinpb]

SD Engineer – That is so true. Today 1844 Law was scheduled to go to foreclosure. I’m not even sure if it actually went. A default was filed in October of 2007. We’re talking 6 months before they scheduled a foreclosure and for all I know, it might have been postponed.

That’s just one. There’s so many more out there.

[stockstradr]

Holding other things constant, yes, months-of-inventory is a good sign of where real estate markets are headed.

But other things are NOT constant, so I don’t buy your implied assumption that flattening inventory means the market is bottoming.

This is why Rich looks at additional factors, and posts data, for example, on the RATIO of inventory that is must-sell, bank-owned.

while inventory may have held flat, that very important ratio has NOT held flat. When a market transitions into one dominated with bank owned MUST SELL inventory, that has a dramatic impact on pricing.

[stockstradr]

Holding other things constant, yes, months-of-inventory is a good sign of where real estate markets are headed.

But other things are NOT constant, so I don’t buy your implied assumption that flattening inventory means the market is bottoming.

This is why Rich looks at additional factors, and posts data, for example, on the RATIO of inventory that is must-sell, bank-owned.

while inventory may have held flat, that very important ratio has NOT held flat. When a market transitions into one dominated with bank owned MUST SELL inventory, that has a dramatic impact on pricing.

[stockstradr]

Holding other things constant, yes, months-of-inventory is a good sign of where real estate markets are headed.

But other things are NOT constant, so I don’t buy your implied assumption that flattening inventory means the market is bottoming.

This is why Rich looks at additional factors, and posts data, for example, on the RATIO of inventory that is must-sell, bank-owned.

while inventory may have held flat, that very important ratio has NOT held flat. When a market transitions into one dominated with bank owned MUST SELL inventory, that has a dramatic impact on pricing.

[stockstradr]

Holding other things constant, yes, months-of-inventory is a good sign of where real estate markets are headed.

But other things are NOT constant, so I don’t buy your implied assumption that flattening inventory means the market is bottoming.

This is why Rich looks at additional factors, and posts data, for example, on the RATIO of inventory that is must-sell, bank-owned.

while inventory may have held flat, that very important ratio has NOT held flat. When a market transitions into one dominated with bank owned MUST SELL inventory, that has a dramatic impact on pricing.

[Author]

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