Inventory Continues Downward

If you've been paying any attention to the San Francisco real estate market in the last year or so the constant refrain has been "low inventory" (along with "soaring prices", of course).

As if we had any doubt, our bi-weekly survey of new listings has just been posted and it shows the number of new listings for the two-week period ending 7/6/2015 to be even lower than the comparable period last year.

In 2014 the number of new listings in the two weeks ending July 8 was 229 (107 single family homes and 122 condos).  This year in the two weeks ending July 6 the number of new listings was just 187 (89 single family homes and 98 condos).  That's almost 20% fewer new listings than a year ago.