Wednesday, June 9, 2021

Low Inventory of single family homes

There’s barely a month of inventory of single family homes in both San Francisco and Marin.  Sonoma is doing better with nearly 2 months of inventory.  San Francisco and Sonoma have 64 and 51 single family homes “coming soon”.  Marin has 11.

Marin Fundamentals (May compared to April)

(click on heading to see the full report)

Number of sales in May was down 8% for single family homes and 12% for condos.

Average selling prices were down 7% and condos were up 3%.

Active listings are up 35% for single family homes and 7% for condos.

 

San Francisco Fundamentals (May compared to  April)

(click on heading to see the full report)

Number of sales of single family homes was down 11% but basically unchanged for condos.

Average selling prices were up 4% for single family homes and up 2% for condos.

Active listings are up 10% for single family homes and 2% for condos.

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