After a thorough New Year’s cleaning, Active listed housing inventory in San Francisco is once again on the rise as new (and perhaps not so new) listings have outpaced sales over the past couple of weeks.
And while overall Active listed inventory might be up ~5% year-over-year, we’d caution against relying on the data to infer too much about the local housing market for at least another month (or two). That being said, keep in mind that it wasn’t until the end of April that San Francisco crossed the 1,000 active listings mark in 2006.
Looking forward, we see a particularly strong pipeline of new TIC units and condominiums in new developments.
∙ A New Year’s House Cleaning (And Reader Predictions For 2007) [SocketSite]
∙ A New New Policy Change For The MLS [SocketSite]