I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.
From the San Diego Realtors:
Closed sales (attached and detached) in July 2021 were 3,600, down 4.5% from 3,769 in July 2020.
Active Listings in July 2021 were 3349, down 41.9% from 5,763 in July 2020.
Months of Supply for attached was 1.0 Months in July 2021, compared to 1.9 Months in July 2020.
Inventory in July was down slightly from the previous month, and up 13.0% from the record low in March 2021.