Just a couple of recent observations in regard to the state of the market. First, economists have recently sited search engine searches as a viable leading indicator for real estate sales. So, if the number of people typing in the term “san diego real estate” goes rises from 80,000 searches per month to 90,000 searches per month, you can expect sales to pick up accordingly in X number of months ahead (from my experience, the “search” to “sale” timeframe ranges from 90 days to 180 days). A far cry from measuring searches, I have noticed my San Diego Real Estate website traffic increase dramatically over the last couple of weeks. This despite my organic rankings worsening concurrent to traffic increasing. A bit unusual…
I have also noticed a spike in showings on both properties I list and properties I am showing to buyers I am working with.
Good signs for real estate as we head toward the holiday season.
November 5, 2006 at 5:17 am
I think it may show an increase in volume or activity. Ther still is an affordabilty factor that needs to be addressed through higher incomes, lower home prices, and increased rents (or a combination of all three).
I enjoyed the “leading economic indicator” theory, though
May 24, 2007 at 3:42 pm
The San Diego market is still interesting. I wonder whether it will go up or down as summer goes by and we get to fall soon.