Inventory of Active listed single-family homes, condos, and TICs in San Francisco is up 29% over the past four weeks driven by both new and refreshed listings. Current inventory levels are down 23% on a year-over-year basis, up 27% as compared to 2006, and right in line (as in within one listing) with the average of the past four years for this time of year.
26% of active listings in San Francisco have undergone at least one price reduction while the percentage of active listings that are either already bank owned (66) or seeking a short sale (95) has fallen to 16% (the absolute number increased by 5%).
The standard SocketSite Listed Inventory footnote: 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: 1/04/10 [SocketSite]