Is San Francisco inventory rising or falling?

Inventory in the San Francisco area is falling. The number of homes for sale right now is lower than it was a year ago. There are 5,840 active listings available. This means fewer choices for buyers compared to the previous year. Specifically, active listings have dropped by 10.9% compared to this time last year. New listings also saw a decrease, down by 8.1% year-over-year, contributing to the overall drop in available homes. With fewer homes on the market, it can feel like there's more competition among buyers. The median listing price is $957,475, which is up 5.1% from the previous month. If you are looking to buy, prepare for a market with fewer options and be ready to act quickly. If you are selling, fewer homes on the market can be an advantage.

Stock of homes for sale in the San Francisco area is falling. Right now, there are fewer homes on the market compared to a year ago, but the number of new homes being listed is about the same. This means there are fewer total choices for buyers. There are 5,495 active listings right now. This is 13.0% fewer homes available compared to this time last year. However, new listings haven't changed much. There were 3,144 new homes put up for sale, which is the same amount as a year ago. Homes are also selling faster. The typical home stays on the market for 38 days, which is 15.6% quicker than a year ago. This suggests demand is keeping up with new supply, further reducing the overall number of available homes. If you are looking to buy, fewer active listings mean you might have less choice and potentially need to act quickly when a suitable home comes on the market.