San Francisco Housing Market Update

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.