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[djd09]

California Inventory of Homes for Sale Suddenly Piles Up: +51% Year-over-Year, to Highest April in Years​

by Wolf Richter •​

Active listings in San Diego +70% yoy, Los Angeles +50%, San Jose & Silicon Valley +67%; San Francisco metro +43% (highest April since at least 2016)​

California Inventory of Homes for Sale Suddenly Piles Up: +51% Year-over-Year, to Highest April in Years | Wolf Street

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[glenn walker]

delete.

 

[Charles West]

Baby boomers are starting to cut loose of their real estate.

 

[glenn walker]

Baby boomers are starting to cut loose of their real estate.

Don't know no for sale signs around here except 1 that was a rental. These articles rarely lay out the data. Never in 40 years jave i seen less for sale signs but also few buyers. Prices in general way beyond what most incomes will support. It's a real Cluster F....lol

 

[Joe Flacco]

50% more for April YoY would put it right at the red star for LA. So on track for pre-pandemic levels this year. Should look like this by the end of the year.

 

[Charles West]

Don't know no for sale signs around here except 1 that was a rental. These articles rarely lay out the data. Never in 40 years jave i seen less for sale signs but also few buyers. Prices in general way beyond what most incomes will support. It's a real Cluster F....lol

It could be the increase is a reflection of almost zero on the market previously, coupled with the correction in the equities market.

 

[Joe Flacco]

CA market conditions look pretty solid to me. Nothing alarming as of right now.

 

[glenn walker]

It could be the increase is a reflection of almost zero on the market previously, coupled with the correction in the equities market.

Funny my portfolio's up in the market's and only had a week of some minor declines. Lol

 

[glenn walker]

CA market conditions look pretty solid to me. Nothing alarming as of right now

It's never alarming until it's alarming but kinda like bankruptcys, it starts out slow and you keep the float going and sometimes for years. Then suddenly that Black Swan arrives and the end comes much faster than you anticipate. Lol

 

[Digger88]

I put a listing up Sunday morning last week and got an over list offer 2 days later in northern VA