May 18, 2006
Inventory Update: 5/18/06
Based on some back of the envelope calculations, we estimate that listed housing inventory in San Francisco is up over 40% since the beginning of the year and is now within a couple hundred units (or one new development) from the inventory levels of last September (levels that at least one person characterized as “a veritable saturation . . . of way too many homes“ and “a one-time occurrence”).
In addition, over 20% of the active listings in San Francisco have been re-priced (i.e., reduced) at least once (based on ZipRealty stats).
∙ Study finds Bay Area housing prices in line with economic growth [SFHomeBlog]
First Published: May 18, 2006 12:10 AM
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