Inventory of Homes for Sale in Biggest California Markets Suddenly Piles Up to Highest in Years: Demand Has Collapsed

Listings YoY: San Diego +66%, Los Angeles +47%, Orange County +79%, Riverside-San Bernadino +51%, San Jose & Silicon Valley +56%; San Francisco metro +40%, Sacramento +55%, Fresno +42%. By Wolf Richter for WOLF STREET. The problem is demand in California. It has essentially collapsed. New listings…