Tuesday, November 6, 2012

San Diego Market Stats - End of October

Below are a few graphs courtesy of SDAR. The first which I think may be most important when looking at 2013 is the Active, Contingent & Pending Listings. As you can see, the inventory of residential properties available in San Diego is declining, which should keep the fire burning in San Diego for at least the first quarter of 2013. I expect prices to still creep up in January as result. 

    The Drop in September's Sales may have been due to August's spike. Many lenders, Escrow, and Realtors more than likely trying to get transactions closed before months end. Then re-acclimating in October, to show similar results as July.

The median sales price has been on the incline as inventory has been on the decline. Simple supply and demand.






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