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May Housing Supply and Demand

E-MAIL STORY

San Diego resale housing inventory increased by about 7 percent between April and May, but the amount of inventory is practically unchanged from this time last year.

Sales volume, on the other hand, continued to weaken in May. The number of resale transactions was flat month-to-month but down by over 22 percent from a year prior.

The months-of-inventory indicator, which measures how much resale supply is available compared to demand, was up to 7.1 months, compared to the 5.5 months of inventory available in May 2006.

-- 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

Yet More Confusion at the Transcript (June 11)

May Housing Supply and Demand (June 11)

May Home Prices (June 8)

March Case-Shiller HPI (June 3)

Nerd's Eye Break (June 3)

What Could Save Housing (May 16)

Manufacturing Job Loss (May 14)

Lereah out with a Bang (May 11)

April Housing Supply and Demand (May 10)

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

This Just In

Frye: Fund the Shelter:

The councilwoman calls for restoring $465,000 for the Winter Homeless Shelter.

Thursday, June 14 -- 5:15 pm

In March, Sexton's Role Was Sunroad:

The mayor denied the airport executive was brought in for Sunroad issue, but letters show otherwise.

Wednesday, June 13 -- 8:51 pm

200,000-Year-Old Surprise :

Local developer finds more than raw materials for house-building at a site in Carlsbad.

Thursday, June 14 -- 2:34 pm

LETTERS TO THE EDITOR

Expensive But Necessary:

I know desalination is an expensive way to get drinking water, but what will be the price of water when there isn't any to be had?

Thursday, June 14 -- 1:57 pm

CAFÉ SAN DIEGO

Public Safety Pensions :

If (and not conceding that point) new public safety hires are to remain in a traditional pension plan, what reforms would be needed?

Thursday, June 14 -- 4:55 pm

COMMENTARY: SLOP

Swing and a Miss :

Mayor Sanders reaches out to the water czarina and she tells him no.

Tuesday, June 12 -- 12:08 pm

COMMENTARY: RICH TOSCANO

Yet More Confusion at the Transcript :

SDDT executive editor Chamberlin plays fast and loose with the facts, again.

Monday, June 11 -- 2:50 pm

'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

LETTERS TO THE EDITOR

Where's the Beef?:

Time to pony up.

Nov. 20 -- 7:20 pm