Inventory of Active listed single-family homes, condos, and TICs in San Francisco rose 6% over the past two weeks versus an average of 4% for the same two weeks over the past four years.
Current inventory levels are down 15% on a year-over-year basis but up 14% versus the average of the past four years (up 24% if you exclude 2009) and up 46% as compared to 2006. Inventory of single-family homes in San Francisco is down 14% on a year-over-year basis but up 49% versus 2007 (even versus 2008, we don’t have the split for 2006).
29% of active listings in San Francisco have undergone at least one price reduction with the percentage of active listings that are either already bank owned (60) or seeking a short sale (124) holding steady at 13% over the past two weeks (up 4% in absolute terms).
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 Inventory: 3/15/10 [SocketSite.com]
∙ Will Pent-Up Demand Outstrip Pent-Up Supply? [SocketSite]