San Diego County: Land Shortage
According to the San Diego Association of Governments, the pace of residential building permits in San Diego County over the last five years is about half of what the region now needs each year (12,000 units needed annually). In addition, only approximately 4,300 resale homes are currently on the market within San Diego County – a four year low according to numbers from the local Realtors Association. A six month supply of housing inventory has historically been associated with a balance in supply and demand.
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