What is the housing supply running at currently? Is it stronger in any particular price point or district?

Asked by Tommy T, Wed Feb 6, 2013

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Jed Lane, Agent, Petaluma, CA
Thu Feb 7, 2013
There is a dearth of inventory. February 1 showed an 27% increase over January 1 but January was so low, just 277 active listings of single-family homes and condos, that going lower would have been really unexpected and bad.
In January 09 there were 1,000 units on the market. The MLS shows inventory bouncing along and hitting a high of just under 2,000 units in November 2010. It quickly dropped to a 1,000 by January 2011. All during 2011 there was between 1,000 and 1,500. Then in January 2012 it dropped to 587. At the highest level of 2012 it was 763 in October.
Ancillary to the inventory is the absorption rate. The Absorption rate is the time, in months; it would take to sell the current inventory if sales continue at the previous month’s level. In November 2010 there was 4.1 months supply. In October 2012 it was 2.1 months.
Prices are rising across the country according to news reports. In the City we’ve seen a 19.6% increase just in the last 12 months so one would assume that sellers would be primed to take advantage of buyer demand but we aren’t seeing it.
1 vote
Rob Regan, Agent, San Francisco, CA
Wed Feb 6, 2013
The total count for residential listings on the MLS is 388 right now. That's for the entire city, and includes single family homes, condos, lofts, coops and TIC's. We should have 2x to 3x that amount right now. Just about every price point, in just about every neighborhood is getting over bid and seeing higher prices year over year. If there's a segment that isn't hot, I haven't seen it. Certainly some segments are hotter than others - single family homes are probably hotter than condos, and condos are hotter than TIC's. But you've really got to reach to consider something not hot.
Web Reference:  http://www.SF-MLS-Search.com
1 vote
Oggi Kashi, Agent, San Francisco, CA
Wed Feb 6, 2013
In SF we have historic low inventory pretty much across the board. Here is a chart:


Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
Web Reference:  http://www.oggikashi.com
0 votes
Lizete Santos, Agent, San Francisco, CA
Wed Feb 6, 2013

The inventory is quite low throughout the city.
Here are the stats for the 11 districts for condos, SFH and 2-4 unit buildings.


Web Reference:  http://www.LizeteSantos.com
0 votes
Kevin Ho, Agent, San Francisco, CA
Wed Feb 6, 2013
Right now just like you, agents and buyers all over the city are sifting through inventory that is as much as two thirds less than 'normal' levels. So instead of being able to pick from five or 10 potential matches you're only getting one or two with lots of other people trying to get in on those properties too. We're seeing this pretty much across-the-board at all price points unfortunately. Most conventional wisdom says that we should see more things out now because the Super Bowl has passed. But San Francisco isn't very conventional. Now more than ever, it's important to have a connected and plugged-in agent to help you find these opportunities before others do or to use their personal networks to be able to present you opportunities earlier and or exclusively.
Web Reference:  http://www.kevinho.co
0 votes
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