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Articles Recently Tagged: Pending Home Sales

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Inventory, Sales and Prices Drop in San Francisco

Driven by a slowdown in listing activity, the net number of homes on the market in San Francisco dropped 8 percent over the past week but remains 35 percent higher than at the same time last year, with 70 percent more single-family homes on the market and 80 percent... Read More »

Price per Square Foot in San Francisco Keeps Dropping

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 »

Reductions Jump, Price Per Square Foot Drops in San Francisco

While pending home sales are down nearly 50 percent in San Francisco, the number of homes on the market (i.e., inventory) is currently 35 percent higher than it was at the same time last year and nearly 70 percent higher than prior to the pandemic, including 50 percent more... Read More »

Existing Home Sales and Median Price Continue to Drop

Existing Home Sales and Median Price Continue to Drop

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 »

Purchase Mortgage Activity Down Nearly 50 Percent

While the seasonally adjusted volume of applications to secure a mortgage to purchase a home in the U.S. ticked up 4 percent over the past week, with the benchmark mortgage rate having ticked back under 7 percent, application volume dropped 10 percent in the absolute and was down 46... Read More »

Single-Family Inventory Up in S.F., Reductions as Well

Single-Family Inventory Up in S.F., Reductions as Well

While the net number of homes on the market in San Francisco ticked down 3 percent over the past week with typical seasonality in play, inventory levels are over 30 percent higher than at the same time last year, with over 40 percent more single-family homes on the market... Read More »

Pending Home Sales in San Francisco Down Nearly 50 Percent

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 »

Price per Square Foot Keeps Dropping in San Francisco

While the net number of homes on the market in San Francisco (i.e., inventory or supply) ticked down 5 percent over the past week with typical seasonality in play, there are still 22 percent more homes on the market than there were at the same time last year and... Read More »

Pending Home Sales in S.F. Down Over 40 Percent YOY

While the net number of homes on the market in San Francisco (i.e., inventory/supply) has been up an average of 24 percent on a year-over-year basis over the past three months, the number of homes in contract to be sold (i.e., demand) has been down an average of 40... Read More »

Purchase Mortgage Activity Down Over 40 Percent, Locally Too

Having dropped to a 25-year low last week, mortgage loan application volume in the U.S. has since ticked down another 2 percent, driven by a 3 percent drop in purchase mortgage activity, which is now down 42 percent on a year-over-year basis and at its lowest level since 2015,... Read More »