San Diego Housing Market News and Analysis
September 2017 Housing Data: looking more like 2016 than 2013
Submitted by Rich Toscano on October 8, 2017 - 4:49pm
Another quick one... the developing divergence between 2013 and 2017 has continued. Unlike 2013, when months of inventory rose rapidly off low levels, we've seen inventory rise very non-rapidly in the past few months. It looks more like 2016 now -- but lower.
Despite the scarcity, prices have leveled off:
That's typical for this time of year, but so is a more significant increase in inventory.
Here's a look at months of inventory vs. price changes:
They've diverged more in the past couple years than previously, but there still is a relationship. With months of inventory at this level, I wouldn't expect prices to stay flat for long.
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