Home Inventory Grows In San Diego
thehousingbubble2.blogspot.com
This link from Realty Times was posted in comments earlier today. "Market Conditions for San Diego, California, Reported by Bob Casagrand. Preliminary July numbers: Single family home inventory at the end of July stood at 13,638, up 1,252 units (10%)from June. Based on the July sales of 2,933, the days of inventory on hand are 144 days. July sales dropped by 1,197 units (29%) from June and by 1,149 units (28%) from July 2004."
"Year to date sales for single family homes is 23,781, down from last years number of 25,605 by 1,824 units, or 7%. About 63% of this decline in demand occurred in July alone."
"The impact on selling price with inventories staying at the current levels is unknown at this time. Even if August returns to August 04 levels, inventory will still be over 100 days, giving buyers plenty of choice." |
