San Francisco Listed Inventory: 12/29/08 (www.SocketSite.com)
Inventory of Active listed single-family homes, condos, and TICs in San Francisco fell 20.2% over the past two weeks (about average for the end of the year) and is closing out 2008 29.3% higher versus last year (60.1% higher versus 2006).
The standard SocketSite Listed Inventory footnote: Keep in mind that our listed inventory count does not include listings in any stage of contract (even those which are simply contingent) nor does it include listings for multi-family properties (unless the units are individually listed).
SocketSite’s San Francisco Listed Housing Update: 12/15/08 [SocketSite]

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Comments from “Plugged-In” Readers

  1. Posted by marko1332

    More homes on the market, no surprise. I wonder what the decline of mortgage qualified buyers is realtive to available housing? I bet it’s a higher percentage decline than available housing increase.
    Less buyers, more available housing, points to one direction; down. Divergence is a bitch, and it’s not even spring yet!

  2. Posted by Mole Man

    These numbers seem to indicate that summer is the best time to buy because there is always a relative increase in available listings then. There is another good reason to hold off for at least a few months rather than make a decision now.

  3. Posted by The Milkshake of Despair

    But what we really want to know is “What color will the tireless SocketSite graphic design department choose for the 2009 curve ?”
    I thought that orange was apropos just as that boxcar full of manure was being shunted next to the turbofan in 2008. Will 2009 bleed red ? We’ll have to wait until January.

  4. Posted by badlydrawnbear

    or you could see the winter as being the best time to buy because the people who are still listing are, most likely, highly ‘motivated’ and willing to deal.

  5. Posted by debtpocalypse

    I nominate any lovely share of green for the Socketsite.com graphic color for 2009.
    To reflect the Truth too often utterly ignored by a thoughtless financial press that falling home prices are a good thing, because they create affordability for young couples, and they provide an advantageous cost-basis for new household formation that had too long been priced-out.
    With regard to affordability, declining home prices are an exceptionally good thing for the economy in the Golden State, where businesses have in the past moved out-of-state to provide wage earners a quality of life that can include home-ownership at a reasonable cost. So that families can become homeowners without irresponsibly leveraging themselves to the hilt.
    Green.
    A beautiful color.
    A hopeful color.
    An inspiring color.
    A color for a better tomorrow.

  6. Posted by realtor

    Where are you getting these numbers? According to the MLS there are 460 Single Family Homes, 479 Condos and 145 TIC’s for a total of 1084 active listings.
    [Editor’s Note: Our MLS counts are run Sunday evenings in order to keep the comparisons as “apples to apples” as possible. And the number of active listings will change throughout the day.]

  7. Posted by plan C-sparky

    Realtor (if you know) what were the SF homes at this time in ’06 and ’07, i.e. what is the condo glut mix.
    [Editor’s Note: Apples to apples, 468 single-family homes (42% of MLS listings) at the end of 2008, 430 single-family homes (50%) at the end of 2007, and 269 single-family homes (38%) at the end of 2006.]

  8. Posted by SFHawkguy

    Ah, how refreshing. Realtors that care about data. That’s cute.
    Funny how they only care about correcting the data when it involves a “negative” data point.
    If we had an open and free market free of realtor manipulation then their spin would be less harmful.

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