Despite the fact that new listing activity slipped over the past week, as is typical when it’s a playoff weekend and open houses are less likely to be trafficked, particularly with a local team in the mix, the net number of homes on the market in San Francisco ticked up another 5 percent to 700 as new listing activity still outpaced sales.
As such, while listed inventory levels are 26 percent lower than they were at the same time last year, they’re 30 percent higher than they were prior to the pandemic, over twice as high as they were in January of 2015, and the year-over-year gap, which was up to 50 percent this past September, is closing.
Expect listed inventory levels to muddle along over the next two weeks and then jump after the Super Bowl with typical seasonality in play. We’ll keep you posted and plugged-in.
That football enters into this confirms much about the real estate business.
Not really. Substitute “after the Super Bowl” for “early spring market.”
That a random point from the earth’s annual journey around the sun enters into this confirms much about the real estate business.
Indeed, beginning springtime life begins anew in the northern hemispheres of the planet.
a thousands year old birth in a Roman backwater still driving retail confirms much about that industry as well?
Why? Agents know a day like Super Bowl Sunday (or Championship Weekend with the Niners playing) will probably result in slower traffic and may re-consider bringing a property to market by a few days.