I showed three houses over the weekend, and other buyer groups were looking before and after. For every hot buy, it seems like there are 5-10 buyers!
This enthusiastic demand coming in November can only mean that the 2021 market is going to go ballistic. We will get the latest Case-Shiller Index tomorrow, and the month-over-month gain is going to be close to 2% for the San Diego metro area.
Even Zillow is getting more fired up – they raised their forecast of annual appreciation for Del Mar.
+6.9% forecast last month
+8.5% forecast this month!
If the high-end goes up 8.5% in the next year, then the low- and mid-range markets should be even hotter!
Here were their forecasts for our local NSDCC areas from last month:
http://bubbleinfo.s020.wptstaging.space/2020/11/01/zillow-2021-forecasts/
If we have an uptick in boomer inventory that cools off the market slightly (and the right surge could increase sales) then we should survive quite nicely at 3/4 speed of where we’ve been the last few months!
Hat tip to Booty Juice for sending!
