Here are three different California cities’ listing volumes and how they vastly differ in recovery rates and timing. San Francisco may have recovered from their lows as well as San Diego but at a later, but deeper dip, quicker rebound. Look at the gradual decline of Sacramento which could indicate the popularity and movement of folks to more rural /less population dense communities within the state. Many markets are still at the bottom of the curve (see Mike DelPrete article), and some cities, like Phoenix and Denver, may not yet have hit the bottom.
Let me know if you’re interested in learning what your local market is doing.
I’m always here to assist with any real estate needs.
Lynne MacFarlane, MCDM, SRES
Realtor from San Francisco Bay Area to Monterey Bay
831.346.2743 text/voice anytime