Despite a number of reports to the contrary, new listings continued to outpace sales in San Francisco last week as inventory of Active listed single family homes, condos, and TICs edged up slightly (~1%). The volume of new listings (~190) and contracts both declined, as did the gap between the two, and we wouldn’t be too surprised to see parity, or sales overtaking new listings, within the next few of weeks.
And while we’ve been tracking them as unlisted inventory all along, a handful of condos over at The Beacon, Shorline, and the Royal have made the leap to “listed.”
∙ SocketSite’s San Francisco Inventory Update: 9/24/06 [SocketSite]
∙ SocketSite’s Complete Inventory Index (Cii) [SocketSite]