Category archive - Blog

San Francisco Months-Supply-of-Inventory & Days-on-Market Analysis

Generally speaking, 4-5 months supply of inventory is considered a balanced market between buyers and sellers; less than 4 months is considered a sellers’ market; and more than 5 months is considered a buyers’ market.

By these definitions (as well as others), the home market in many of San Francisco’s neighborhoods is now a strong buyers’ market – which means more choice, less competitive bidding, increased price reductions, more price negotiation. This doesn’t mean that the best-value homes aren’t still often selling quickly.

Read more

Current Market Trends

At current trends, over the next month:

• 563 active SFD listings will be joined by over 250 new SFD listings for a total of over 800: less than 1 out of 8 will go contingent sale (and most of them at the low end).

• 674 active Condo listings will be joined by over 350 new Condo listings for atotal of over 1000: less than 1 out of 10 will go contingent.

• 241 active TIC listings will be joined by over 150 new TIC listings for a total ofabout 400: about 1 in 16 will go contingent.

• 234 2-4 Unit listings will be joined by over 80 new 2-4 U listings for a total of over300:about 1 in 19 will go contingent.

The average days on market for active properties range from about a 100 days to over 130 days (and growing). Lots of days on market; incredible numbers of price reductions; a small number selling – though many of those selling still sell relatively quickly.

Read more

Housing Market May Have Turned a Pivotal Corner

By Julie Haviv – Analysis

NEW YORK (Reuters) – The coast-to-coast fire sale in the U.S. housing market appears at long last to have caught a bit of a bid.

Yes, residential real estate remains in the throes of the worst downturn since the Great Depression. Yes, home prices are the lowest in six years and still falling. And yes, it still takes three quarters of a year to sell a house.

Read more

High End vs. Low End Market Statistics

SF Real Estate Market Makes Major Shift to Lower-Priced Homes, as Higher-End Market Declines

Comparison of SF House, Condo and TIC sales 10/15/08 – 1/30/09 with one year earlier by price range

Total # of Sales:  down 27% – 30%*     Total Dollar Volume:  down 43% – 46%*

Download Market Statistics

Read more