What's The Housing Bubble Inventory In Your Area?
One reader wants to talk about what's for sale. "Let’s talk inventory, inventory, inventory. Just glancing over some numbers looks like they are growing rapidly. Please post examples from your area. It really does appear that superbowl was a kick off for everyone to put their place on the market."
Another added, "As others have mentioned, the San Diego inventory is right around where it was right before the holidays (after taking a dip due to expired listings, etc.), now just shy of 16,500. In the last several weeks, it was growing by about 50-150/day; now it’s around 0-100/day. The record high was 19,000; the corresponding value for today (adjusted for population growth, as per ocrenter’s numbers) would be around 21,400. It may not be long before we hit that number."
Another said, "16,515 for Greater SD as of right now on ziprealty.com, but who is counting? Expect another update to a higher number this evening; it seems like they have to revise the number upwards several times a day now to keep up with the swelling torrent of new listings."
And later added, "As promised earlier, it was updated to 16,601 this evening. What is next, hourly updates?"