Yellow trend line shows that despite an average loss of $1000 per week per 1000 SQ FT, sellers are still slow in lowering prices.
See San Diego 92101 Condo Pricing Power Index at JoeFiorelli.com
posted by Joe Fiorelli @ 2:43 PM
The Pricing Power Index (PPI) is a measure of relative buyer/seller negotiating power in the San Diego Downtown (92101) real estate market. The higher the slope of the PPI (the black line), the more relative power the buyer has. The lower the black line, the more pricing power the seller has. Green boxes are average price per square foot of condo asking prices. The Red line is about neutral in terms of buyer/seller pricing power.
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