San Francisco Housing Market Update
Here’s what’s happening in today’s San Francisco housing market for the week of Oct 4th 2022
Not a whole lot of change in the markets from last week but let’s take a look at this week’s numbers
For single currently have
New active listings for this week are 66 a drop from last week’s 8
Pending sales 38
Closed Sales 23
And total active listings are 431
Giving us 2 1/2 months of supply
For condos townhomes, and TICs this week’s numbers are
New actives 100
New pending’s 42
closed sales 44
And total active 942
Giving us a total of 4.5 months of supply
As we are seeing a slowdown in the economy, we will start to see more and more inventory, come up in the market. Although San Francisco historically has always had low inventory. It will be interesting to see in the next coming months what happens.