Housing inventory in San Francisco has moved from a typical post-Memorial Day bump, to a typical pre-Labor Day slowdown as the number of Active listings in San Francisco dropped 1.6% over the past couple of weeks (and is running 18.3% below 2006 levels). That’s roughly two months of supply (which isn’t atypical for San Francisco).
At the same time, “listed” housing inventory continues to represent less than half of all units that are currently competing for buyers in San Francisco.
∙ SocketSite’s Complete Inventory Index (CII): Q3 2007 (SF) [SocketSite]
∙ San Francisco Listed Housing Inventory Update: 7/16/07 [SocketSite]