San Diego Housing Market News and Analysis
September 2016 Housing Data
Submitted by Rich Toscano on October 11, 2016 - 9:11pm
Just a quick update on the September data. Here's an overview:
Inventory remained very tight, with months of inventory easily at the lowest level in the past four years:
Price increases continue to be fairly muted despite the low inventory; perhaps that's partly a function of getting into the slow season, but really that's been the case for a while now. Based on the prior relationship, one would expect either prices to increase faster, or months of inventory to increase (resulting in a declining blue line on the graph). Or both. But the divergence continues for now.
Here's a look at the recent upward creep of prices:
More graphs below...
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