September 8, 2006
Inventory Update: Four Days Later
You commented. We listened. And from now on we'll report inventory in terms of Single Family Homes (SFH), Condos, and TICs (and just reserve the right to point out significant movements/trends in Multi-Family listings). So without further ado...
Active listings are up ~17% since Labor Day for a new baseline of nearly 1400 listed units (TICs up ~12%, SFHs up ~13%, and Condos up ~21%). Not including unlisted inventory (i.e., new developments), that’s roughly a three month supply of SFHs/Condos and a five month supply of TICs.
∙ SocketSite’s San Francisco Inventory Update: 9/05/06 [SocketSite]
First Published: September 8, 2006 3:38 PM
Comments from "Plugged In" Readers
But isn't this normal for the week after Labor Day. Buyers, Sellers, and agents are back from the summer vacation and so we see more listings. Typically, Sept through the first two weeks of Nov are great time to buy and sell. This is typical of the SF real estate cycle, so what's the big deal????
Posted by: Lana at September 16, 2006 10:05 PM