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