Inventory of Active listed single-family homes, condos, and TICs in San Francisco increased slightly (1%) over the past two weeks and is currently running 45% higher on a year-over-year basis. Housing inventory typically declines over the last couple of weeks of May but once again starts to build in June as the school year ends and the summer selling season starts in earnest.
Thirty percent of Active listings have experienced at least one price adjustment versus twenty-three percent at the same time last year.
Keep in mind that our listed inventory count does not include listings in any stage of contract (even those which are simply contingent) nor does it include listings for multi-family properties (unless the units are individually listed).
∙ SocketSite’s San Francisco Listed Housing Inventory Update: 5/12/08 [SocketSite]