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Housing Supply and Demand

E-MAIL STORY

Home sale volume increased last month, up 2.4 percent from September. Over the same period, inventory decreased by 3.9 percent.

But while the supply and demand situation firmed up from September, the longer-term picture still wasn't looking so good. Sales were down 25 percent from October 2005 while inventory was up 37 percent over the same period.

Months of inventory, which basically measures supply versus demand in the resale market, stood as of October at a slightly improved but still fairly excessive 8 months of inventory.

-- RICH TOSCANO

A Nerd's Eye View

Rich Toscano is a financial advisor with Pacific Capital Associates*;
he also writes about San Diego real estate at Piggington's Econo-Almanac.
Contact him at rtoscano@pcasd.com.

Recent Nerd's Eye View Posts

Back to the 90s, Again (November 17)

Mortgage Guidelines Hit (November 15)

Return to the 90s (November 14)

Housing Supply and Demand (November 10)

Home Prices: Still Falling (November 13)

NAR's Propaganda Patrol (November 6)

Intro to Credit Default Swaps (November 3)

The BLS Weighs in (October 30)

Population Positive (October 27)

*Investment advisory services and securities offered through Girard Securities, Inc., member SIPC/FINRA.

This Just In

Navy Stink:

Misplaced pipe dumped millions of gallons of sewage into bay over the last two years.

Friday, November 17 -- 6:42 pm

Woodbury's Story:

Sacked disabilities services coordinator tells her side and Frye laments her loss.

Friday, November 17 -- 6:02 pm

Volunteer Call:

Tijuana Estuary looks for public involvement.

Friday, November 17 -- 4:05 pm

Foreclosure Advice, Lemonade 5¢ :

Foreclosure counseling agencies pop up; are they real estate's next cottage industry?

Friday, November 17 -- 5:47 pm

LETTERS TO THE EDITOR

Cheap Public Transportation Needed:

Friday, November 17 -- 2:04 pm

CAFÉ SAN DIEGO

A Mayoral Scorecard Part II :

Picking up where we left off.

Friday, November 17 -- 3:28 pm

COMMENTARY: SLOP

Butkiewicz Unleashes :

The mayor's deputy hears it from the union boss.

Friday, November 17 -- 10:52 am

COMMENTARY: RICH TOSCANO

Back to the 90s, Again :

If unemployment didn't cause the last downturn, what did?

Friday, November 17 -- 11:40 am

'The Powers to Be':

A little recognition. » Nov. 21 -- 4:03 pm

Libraries Could Be Spared:

It doesn't look like the mayor has the City Council votes to shut down libraries and rec centers.

Nov. 21 -- 2:02 pm

Opening Day Melee:

The first day a store opens, shoplifters have a field day.

Nov. 21 -- 11:43 am

SURVIVAL IN SAN DIEGO

Unemployment Rate Reaches 6.8 Percent:

Retail and construction sectors lose a combined 10,000 jobs over the year in San Diego County.

Nov. 21 -- 5:43 pm