April 10, 2006
C.A.R. Concurs: SF Inventory Increasing
Despite what some people would like you to believe, new listings in San Francisco are outpacing sales, and housing inventory is on the rise. Don’t feel like taking our word for it? Perhaps you’ll listen to the California Association of Realtors [via the Chronicle]:
"Inventories have risen to 4.1 months from 2.3 months last year in San Francisco County, to 3.2 months from 1.7 months in Alameda County, to 5.2 months from 1.3 months in Contra Costa County and to 2 months from 1.5 months in Marin County, according to the California Association of Realtors."
Yes, inventories are still at historically low levels, but the dynamics are definitely shifting (especially in Contra Costa County). And don't discount the impact of “unofficial” inventory (unlisted units in new developments, FSBO, etc.).
∙ REALTOR© Hoisted Upon His Own Petard [SocketSite]
∙ Weekend Randomness (And Thanks) [SocketSite]
∙ Rising inventory of unsold homes points to a cooling of the market [SFGate]
First Published: April 10, 2006 12:02 AM
