'For Sale' Times 30,000

Voice of San Diego reports:

San Diego homebuyers have a lot of decisions to make. They have to sift through thousands of homes currently on the market to find the perfect fit at an attainable price. And then they face a slew of aggressive marketing techniques from homebuilders.

Homebuilders responded to the sizzling home market of a few years ago by increasing production to meet sky-scraping demand for homes. Now that sales have slowed, the number of homes sitting unsold on the market has grown. Nearly 30,000 new and resale homes were on the market as of the beginning of October, according to a new report from MarketPointe Realty Advisors. And that doesn't count the number of housing units under construction -- more than 10,000.

The number of homes for sale is up more than 50 percent from the third quarter 2005, and up 135 percent from the same period 2004. Demand for housing was high then, and builders scrambled to keep up. Now many find themselves with more supply than they can sell quickly.

Even good weather can't change supply and demand.