These are weekly market activity charts for the past 6 months through June 12, 2011 for San Francisco houses, condos, TICs and 2-4 unit buildings. The market slowed down for the Memorial Day holiday, but picked up a bit in the second week of June.
Accepted-offer activity is below the levels seen in May — the market often slows in summer — but it is above that seen last year in the first two weeks of June. Inventory is signficantly lower than last year at this time.
Listings Accepting Offers
The numbers of listings accepting offers declined from May, but is still about 7% higher than this time in June 2010.
Percentage of Listings Accepting Offers
The percentage of listings accepting offers has also declined from May, but is well above last year’s. The first 2 weeks of June 2010 had percentages of 4% and 4.7% compared to this year’s 5.3% and 6%.
Listings for Sale
Inventory of available homes for sale has ticked up a little from May, but is fully 17% below this time last year — 388 fewer listings.
New Listings Coming on Market
The addition of new listings to the market has been relatively stable, but we never got a large surge of new listings this spring.