The housing market numbers from San Diego are just horrible

  • Sales for May were down almost 30% from May 06 and down 43% from May 05. Year-to-date sales of 11,181 are down 16% from the same period last year.

  • Inventory was 20,904, over 9 months supply.

  • Supply is up 17% from last year and almost 100% from this time in 2005.

  • Year-to-date listings are up 40% from the same period in 2005.

  • Expired, cancelled and withdrawn listings totaled 17,382 up 224% from last years 7,763 and 525% from 2005. These numbers indicate how many times a home is re-listed before it sells or the sellers give up trying to sell.