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Rents in San Francisco Tick Up, Inventory Follows

Rents in San Francisco Tick Up, Inventory Follows

Having ended last year 8 percent higher than the year before, the weighted average asking rent for an apartment in San Francisco has since ticked up 2.6 percent to $3,400, which is 10 percent higher than at the same time last year but still 17 percent ($700) lower than... Read More »

Listings Tick Up in San Francisco with Typical Seasonality in Play

The number of homes on the market in San Francisco, net of all new pending and closed sales, ticked up another 13 percent over the past week to 660. As such, while listed inventory levels are still around 30 percent lower than they were in January of last year,... Read More »

Pace of Existing Home Sales in the U.S. Drops

Pace of Existing Home Sales in the U.S. Drops

Having ticked up 1.9 percent in November, the seasonally adjusted pace of existing-home sales across the U.S. dropped 4.6 percent in December to an annual rate of 6.18 million sales, which was 7.1 percent lower than the year before and the fifth straight month with a year-over-year decline, according... Read More »

Number of Homes on the Market in S.F. Is Ticking Up

Number of Homes on the Market in S.F. Is Ticking Up

Despite some industry misanalysis making the rounds at the end of last year, the net number of homes on the market in San Francisco has jumped 27 percent over the past two weeks with typical seasonality in play and pending sales in the city having dropped to a 19-month... Read More »

Pending Home Sales in S.F. Drop to a 19-Month Low

The net number of single-family homes and condos in contract across San Francisco dropped 17 percent over the past week, which represents a typical percentage drop based on typical seasonality for this time of the year. With the seasonal drop, however, there are now around 310 homes in contract... Read More »

Number of Homes on the Market in S.F. Starts Ticking Back Up

Despite some industry misanalysis making the rounds at the end of last year, the number of homes on the market in San Francisco has started ticking back up with typical seasonality in play. In fact, the net number of homes on the market in San Francisco (510) ticked up... Read More »

2021 Ends with Nearly 50% Fewer Homes on the Market, But…

2021 Ends with Nearly 50% Fewer Homes on the Market, But…

Having peaked in October, the net number of homes on the market in San Francisco (510) has since dropped nearly 60 percent and listed inventory levels are 46 percent lower than at the end of 2020. That being said, inventory levels in San Francisco are 50 percent higher than... Read More »

Oakland Rents Increased 7 Percent in 2021 but Still Down

Oakland Rents Increased 7 Percent in 2021 but Still Down

Having ticked up a (1) percent in November, the weighted average asking rent for an apartment in Oakland inched up another 0.4 percent in December to $2,440 a month, which is 7 percent higher than at the end of last year and roughly in line with the muted rebound... Read More »

Rents in S.F. Increased 8 Percent in 2021, Still Depressed

Rents in S.F. Increased 8 Percent in 2021, Still Depressed

The weighted average asking rent for an apartment in San Francisco effectively held at $3,325 in December, which is roughly 8 percent higher than at the beginning of the year but still 19 percent ($775) lower than prior to the pandemic and nearly 26 percent below its 2015-era peak,... Read More »

New Home Sales Up and Down, Inventory Climbs

New Home Sales Up and Down, Inventory Climbs

Having dropped a downwardly revised 8.4 percent in October, the seasonally adjusted pace of new single-family home sales in the U.S. increased 12.4 percent in November to an annualized rate of 744,000 transactions, which was 14.0 percent lower than at the same time last year and 25.1 percent lower... Read More »