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Making It in San Diego: San Diego's housing inventory sees massive increase

Posted at 1:25 PM, Dec 20, 2018
and last updated 2018-12-20 16:27:11-05

SAN DIEGO (KGTV) -- Despite skyrocketing prices, San Diego’s housing inventory is up in 2018, according to a new report by Trulia.

The trend in America’s Finest City sits opposite the national trend, which is seeing a declining inventory.

The national drop in inventory in the fourth quarter of 2018 was mainly driven by a drop in for-sale homes, however, in San Diego, the total for-sale inventory rose by more than 27 percent.

San Diego’s trade-up inventory saw the largest increase at more than 46 percent.

The report points out that, despite inventory gains in San Diego, prices continue to rise, outpacing wage growth.

The trend places homeownership out of reach for many first-time homebuyers.

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