San Diego Housing Market News and Analysis
October 2017 Housing Data
Submitted by Rich Toscano on November 19, 2017 - 5:59pm
Inventory is higher than in the spring, but remains very low for this time of year:
There has nonetheless been some seasonal weakness to home prices:
Here are the two together; I wouldn't expect prices to stay negative for long with months of inventory this low (high on the chart):
If you'd like to read more words, I recommend this by the great Bill McBride, aka Calculated Risk: Are house prices a new bubble?
He looks at many of the same things I did for my recent-ish VOSD article on the topic, though on a national level. And -- spoiler alert! -- he comes to the same conclusion as I did (to my relief).
More graphs below:
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