These are weekly market activity charts for San Francisco houses, condos, TICs & 2-4 unit buildings through March 20, 2011, as reported to MLS. All data is from sources deemed reliable but is not warranted and may contain errors.
SF Home Listings Accepting Offers by Week
The surge in market activity that started 6-7 weeks ago grew even stronger in the past week.
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Percent of Listings Accepting Offers by Week
We are seeing the highest percentage of listings accepting offers in a long time, and that percentage increased again last week. This statistic is a reflection of both high buyer demand and relatively low inventory.
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New Listings Coming on Market
The number of new listings per week has remained relatively steady, but is far below the number seen at the beginning of the autumn selling season in mid-September. We may begin to see a spring surge of new listings in coming weeks.
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Inventory of Homes for Sale
Inventory is creeping up but is still low, especially when compared to surging buyer demand.
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Listings Expiring or Being Withdrawn
Consistent with a strengthening market, the number of listings expiring or being withdrawn without selling is very low.
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Median Sales Price
Typically, the market during the holiday season trends toward the lower price points, and the sales entered into then close escrow in January and February — creating a dip in median price. As we move further into the year and away from deals made during the holidays, the median sales price is increasing.
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