That’s gotta hurt
June 21st, 2006 by 
reality
The Bubble Markets Inventory Tracking blog (what did we do before blogs) records the new inventory record of houses for sale in San Diego.
“It took 6 years from the peak of last bubble in late 1989 to the previous peak inventory in July 1995. This time it took 27 months, just a mere 965% increase from historic record low to the current new population adjusted record high inventory, 22,203. This increase averages out to a 35% increase per month. Of course, this is helped tremendously by 23 straight months of sales decline.“
Posted in Real Estate, Truth and Trivia | 