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Articles Recently Tagged: Inventory

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Over 40% More Sub-Million Dollar Homes on the Market in SF

While the net number of condos and single-family homes listed for sale in San Francisco (1,160) ticked down 2 percent over the past week, as is typical for the first week of August, there are still over 30 percent more homes on the market than there were at the... Read More »

Inventory in San Francisco Is Up 30 Percent, Sales Drop

While the net number of single-family homes and condos for sale in San Francisco inched down a little under a percent over the past week to 1,180, inventory levels typically drop closer to 10 percent at the end of July based on historic seasonality and late summer slowdowns. And... Read More »

Pace of New Home Sales Drops, Median Sale Price Too

Pace of New Home Sales Drops, Median Sale Price Too

Having ticked up a downwardly revised 6.3 percent in May, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 8.3 percent in June to an annualized rate of 590,000 sales, which is effectively the same pace as in April of 2020 when the market came... Read More »

Pending Home Sales in San Francisco Down Over 30 Percent

As we outlined earlier this week, the recent decline in listed inventory levels in San Francisco is being driven by a slowdown in new listing activity versus an increase in sales. And in fact, despite the fact that listed inventory levels in San Francisco have been up over 30... Read More »

Number of Homes for Sale in S.F. Peaks, Reductions Rise

Number of Homes for Sale in S.F. Peaks, Reductions Rise

Driven by a slowdown in new listing activity rather than an uptick in sales, the net number of homes on the market in San Francisco (i.e., inventory) dropped 9 percent over the past week to 1,190 but is still 25 percent higher than at the same time last year,... Read More »

Pace of Existing Home Sales in the U.S. Drops, YOY Decline Grows

Pace of Existing Home Sales in the U.S. Drops, YOY Decline Grows

Having ticked down 3.4 percent in May, the seasonally adjusted pace of existing-home sales across the U.S. dropped another 5.4 percent in June to an annual rate of 5.12 million sales, representing the eleventh straight month with a year-over-year decline in sales, the largest year-over-year decline in sales (14.2... Read More »

Mortgage Application Volume Drops Back Down to a 22-Year Low

Mortgage loan application volumes in the U.S. dropped 6.3 percent on a seasonally adjusted basis last week, with a 7 percent seasonally adjusted drop in purchase mortgage activity, which was down 19 percent on a year-over-year basis, dropping total application volume back to a 22-year low despite an increase... Read More »

Purchase Activity for New Homes Drops Despite (Much) More Inventory

Purchase Activity for New Homes Drops Despite (Much) More Inventory

Despite the fact that the number of new homes on the market across the U.S. is up nearly 35 percent on a year-over-year basis to a 14-year high, mortgage loan application volume to purchase one of said new homes dropped 10 percent from May to June, is down 12... Read More »

Number of Homes for Sale in S.F. Up Over 35 Percent YOY

Number of Homes for Sale in S.F. Up Over 35 Percent YOY

With an ongoing slowdown in the pace of sales, the net number of homes on the market in San Francisco ticked up 9 percent over the past week and is up over 35 percent, year-over-year. With the uptick last week, listed inventory in San Francisco is now nearly 70... Read More »

Pending Home Sales in San Francisco Continue to Drop

Despite a marked increase in inventory, which has been up over 30 percent on a year-over-year basis over the past two months, the number of single-family homes and condos in contract across San Francisco dropped another 8 percent over the past two weeks is now down 28 percent on... Read More »