page contents
USA Real Estate Blog

Number of Homes on the Market in San Francisco Ticks Down

0 6


The number of homes on the market in San Francisco (950) ticked down 6 percent over the past week as is typical for this time of the year. But overall inventory levels remain 1 percent higher on a year-over-year basis and are holding at an 8-year seasonal high.

At a more granular level, the number of condos listed for sale in the city (630) is currently running 4 percent higher than at the same time last year while the number of single-family (320) is 4 percent lower. That being said, keep in mind that the number of single-family homes on the market in San Francisco jumped nearly 60 percent from early November 2017 to early November 2018 (versus a mere 31 percent increase for condos).

At the same time, while the percentage of active listings which have undergone at least one price reduction has ticked down 1 percentage point to 25 percent, that’s 2 percentage points higher than at the same time last year despite a growing number of unsold properties having been relisted anew with a reduced asking price, but no official reductions according to MLS-based stats and the percentage of homes on the market with a price tag of a million dollars or less has ticked up another point to 27 percent but remains 6 points lower than at the same time last year.

Expect inventory levels to continue to drop through the end of the year and the prevalence of reductions to rise.

قالب وردپرس

You might also like

Leave A Reply

Your email address will not be published.

Pin It on Pinterest

Share This

Share this post with your friends!