The gap between new listings and sales increased slightly as inventory of Active listed single family homes, condos, and TICs edged up slightly last week (~1.5%) with an increase in single family homes (+21) leading the pack. And while the volume of new listings (~190) remained relatively constant, sales volume declined (hence the increase in inventory).
A friendly reminder that our listed inventory figures only include “Active” listings (and exclude “Active Contingent” and “Pending”), and that our sales estimates include all properties that move from “Active” to either “Contingent” or directly to “Pending.” It might be difficult to track this directly from the MLS, but we figured it out.
∙ SocketSite’s San Francisco Inventory Update: 10/02/06 [SocketSite]
