A more complete update next week, but active listed inventory in San Francisco crossed the 1,600 mark for the first time in at least three years last weekend (now up 12.1% on a year-over-year basis) while listed sales activity last week appears to have run roughly 18% off the levels of the year prior (and 43% below the year before that).
∙ SocketSite’s San Francisco Listed Housing Inventory Update: 9/15/08 [SocketSite]
Supply up, demand down and prices will continue to follow.
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MLS Statistics for the last 2 weeks as of 9/15/08:
For SFD, Condo & 2-4U for all SF Districts (1-10): up/down statistics are in comparison to the last 2-week
New Listings 579 — up 125%
Went Contingent 163 – up 13%
Went Pending 214 – up 2%
Solds 191 – down 11%
Back on Market 74 — up 21%
Price Reductions 249 – up 37%
Expired 66 – up 12%
Withdrawn 91 – down 15%