While the seasonally adjusted pace of new single-family home sales in the U.S. ticked up a little over 4 percent in April to an annualized rate of 683,000 homes, a pace which was 10 percent higher than at the same time last year, the pace was 15 percent lower... Read More »

The seasonally adjusted pace of new single-family home sales in the U.S. jumped 9.6 percent in March to an annualized rate of 683,000 sales but was still 3.4 percent lower than at the same time last year, 21.8 percent lower than in February of 2021, and roughly 12 percent... Read More »

Having been revised down over the past quarter in the absolute, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 1.1 percent last month to an annualized rate of 640,000 sales but was down 19.0 percent on a year-over-year basis, 22.2 percent lower than... Read More »

As we outlined yesterday, while the net number of homes on the market in San Francisco (i.e., inventory) is currently unchanged, month-over-month and year-over-year, it’s not due to a jump in demand. In fact, pending home sales in San Francisco, which were down an average of 40 percent on... Read More »

At a time of the year when home sales typically start ramping up, the net number of homes in contract to be sold across San Francisco was unchanged over the past week and is now 41 percent lower than at the same time last year, which remains right in-line... Read More »

The seasonally adjusted pace of new single-family home sales in the U.S. ticked up 7.2 percent last month to an annualized rate of 670,000 sales but was still down 19.4 percent on a year-over-year basis, 32.5 percent lower than at the start of 2021, and 13.4 percent lower than... Read More »

With a pronounced drop in sales and jump in reductions, the list price per square foot of the homes which are in contract across San Francisco, which is a leading indicator, has dropped over 10 percent since May and has just slipped under $900 per square foot for the... Read More »

Having ticked down in September, the seasonally adjusted pace of existing-home sales across the U.S. dropped 5.9 percent last month to an annual rate of 4.43 million sales, which was 28.4 percent lower than at the same time last year; well below the pre-pandemic pace of sales; and the... Read More »

Having slipped another percent over the past week, the number of homes in contract to be sold across San Francisco is now 46 percent lower than at the same time last year and pending home sales activity is at its lowest level in over six years on a seasonally... Read More »

Having slipped in August, the seasonally adjusted pace of existing-home sales across the U.S. ticked down another 1.5 percent in September to an annual rate of 4.71 million sales, which was 23.8 percent lower than at the same time last year; well below the pre-pandemic pace of sales; and... Read More »