Monday, March 23, 2020

New Listing Market Watch - what now?

This is our first report since the mandatory shelter-in-place order issued by the City/County of San Francisco.

Not surprisingly, the number of new listings was down 16% compared to the same two week period last year, and down 31% compared to the previous two week period ending March 9.


The number of price reductions is up compared to the same period a year ago, mostly focused on condos (31 vs 18 a year ago for condos; 11 vs 9 for single family homes).


Not captured on these graphs but equally important is the number of listings with statuses changed from Active to Hold.  Many other listings have been cancelled.


Tuesday, March 17, 2020

Get Ready - No Up Front Costs


Corona virus impact

Not much of a surprise ... in the last 24 hours 85 listings have been put on hold and an additional 25 have been cancelled.

For the most part, listings on hold can still be seen by appointment.