Inventory of Active listed single-family homes, condos, and TICs in San Francisco is up 9.1% over the past two weeks, once again driven by both new and refreshed listings. Current inventory levels are down 25.6% on a year-over-year basis, up 36.2% as compared to 2006, and up 3% versus the average of the past four years for this time of year (up 16% if you exclude 2009).
27% 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 (69) or seeking a short sale (109) remains at 16% (the absolute number increased by 11% over the past two weeks).
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: 2/01/10 [SocketSite]