San Diego Housing Market News and Analysis
July 2016 Monthly Housing Data
Submitted by Rich Toscano on August 21, 2016 - 5:37pm
Well, hello there! Can I interest you in some housing data? Some charts and graphs, perhaps, and possibly even a table?
I'll start with what I think is the key graph in this (currently undersupplied) market: months of inventory, which combines supply and demand into a single handy stat. We can see here that while supply increased compared to demand, that is typical for the season, and we remain slightly below last year's levels.
Per the following graph, that argues for more price increases to come, unless either supply or demand changes pretty significantly.
With that said, last month's price increase was pretty modest -- more than would have been predicted by the above chart.
Here's a table summarizing last month's stats:
So, not a whole lot different than lately. Inventory tight, prices creeping upward, but both those factors entering a seasonal period of decline.
Fun note: the median condo price per square foot is within striking distance of the peak. Single family is not too far behind. Only 11 years later!
A selection of graphs for your viewing pleasure is included below.
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