North County Times: "Home inventory soars as buyers take their time"

More news on the San Diego slowdown...

Up, up, up. That used to be the three-word description for local housing prices.
Now those words describe a rising tide of homes for sale in San Diego County.

"Inventory has increased dramatically, probably by about three times" since last July in North County, Brownell said.

Unsurprisingly, the average time on market also has increased. Detached homes were selling in about two to three weeks a year ago, Brownell said; now that time has reached 56 days. The average time for condos and town houses to sell is 49 days.

That abundance has even encouraged low-ball buyers to become more active, he said.

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