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April Housing Supply and Demand

E-MAIL STORY

The trend towards comparative demand weakness continued in April, with existing home sales down 6.6 percent from April 2006. Compared to last year, condo sales were actually little stronger, but single family home sales were quite a bit weaker.

We've seen the flipside of that pattern in resale inventory. As in recent months, the mix of homes for sale includes more single family units and fewer condos than last year's mix. As a matter of fact, condo inventory was actually down from the prior year while single family inventory was up. In aggregate, inventory was up a slight 2.1 percent over last April.

The months-of-supply figure for both property types ended up at about 6.6 months.

-- 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