Weekly Market Charts – The SF Home Market Remains Active

These are weekly market activity charts for the past 6 months through the week ending December 4, 2011, for houses, condos, co-ops, TICs and 2-4 unit buildings.

Listings Accepting Offers: Accepted offer activity is staying surprisingly strong, picking up after the short, slow Thanksgiving week. Buyers are clearly still engaged in the market.


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Listings for Sale: inventory, which has been low all year, is now very, very low.


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Percentage of Listings Accepting Offers: Strong buyer demand + very low inventory = very high percentage of listings accepting offers, the highest in a long time.


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New Listings Coming on Market: As is typical for December, the number of new listings coming on market is very low, but considering the demand, sellers and agents might want to rethink the usual dynamic of waiting for the new year.


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Closed Sales: The week ending 12/4 had the highest number of closings since early summer. Closed sales now reflect accepted-offer activity in October and early November.


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Expired & Withdrawn Listings: As is common for December, the number of listings expiring or being withdrawn from the market is rapidly climbing. Many of these will be re-listed in mid-January, often at a lower price.


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