June 18, 2007
San Francisco Housing Inventory Update: 6/18/07
Over the past two weeks new listings have outpaced new sales in San Francisco as listed housing inventory has increased ~11% in a typical post-Memorial Day bump. At the same time, listed inventory is currently running ~13% below 2006 levels.
∙ San Francisco Housing Inventory Update: 6/01/07 [SocketSite]
First Published: June 18, 2007 4:00 AM
Comments from "Plugged In" Readers
months supply???
Posted by: badlydrawnbear at June 18, 2007 7:03 AM
Less than two months....
Posted by: anon at June 18, 2007 10:54 AM
Is YOY inventory decrease due to increased sales or people pulling homes off market?
Posted by: uiuoiuouoi at June 18, 2007 5:04 PM
Sales volume in San Francisco has been falling over the past three years and is down 10% YOY.
Hard to blame "increased sales" for the decline in inventory. Perhaps the flippers/speculators have been chased out of the market?
Posted by: Michael at June 18, 2007 5:34 PM
That's the extent of the inventory? Does that include all of those SOMA developments?
[Editor's Note: Nope. That's only listed inventory. We'll be publishing an unpdated Complete Inventory Index (Cii) in a few weeks.]
Posted by: Nowonderitcostssomuch at June 19, 2007 8:02 AM
Perhaps listed inventory is worthless and not relevant in regards to condition of housing market due to supply/demand manipulation?
Is withholding supply to maintain prices legal in other types of markets such as stocks and commodities?
Posted by: jkfhkjfhkshk at June 19, 2007 9:04 PM
Thanks for the added info. That inventory count still stuns me - that just seems incredibly low considering the population size (check out what's available in Denver, CO for example).
Posted by: Nowonderitcostssomuch at June 20, 2007 8:33 AM
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