patrick.net

Inventory has been dismal for months now in San Diego, with huge prices. Although we are off from peak, it is back to only about 20-25% off from the highest highs. At these high prices, shouldn't sellers be coming onto the market? The transaction volume is still relatively low historically. Was turnover supply just pulled forward too much during bubble years?

Please give estimates on when you think both inventory and transaction levels will return to historical norms.

Thanks!