https://fred.stlouisfed.org/series/MSACSR#0
I don’t have the regional number as I can’t see the MLS, but I feel that there are so much more houses for sale for the last two months in Southern California region. It must mean something sooner or later. And I highly believe that the inventory will continue to go up.
I understand that it will take a long time before actually seeing the price to stabilize then go down. But just something to know.