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February 18, 2011

Weekly Market Activity Charts

February 18, 2011

Weekly Market Activity Charts

San Francisco Home Market -Weekly Market Activity Charts Through 2/13/11

For San Francisco Houses, Condos & TICs Unless Noted Otherwise

Statistics are generalities, subject to fluctuation for a variety of reasons. Dramatic weekly changes in particular should be taken with a grain of salt until the trend is established over a longer period of time. All numbers should be considered approximations. The information herein is derived from sources deemed reliable, but may contain errors and omissions, and is not warranted. Sales not reported to MLS are not included in this analysis.

Home Listings Accepting Offers
A drop off from the previous week, but still above average activity in listings going under contract.

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Percentage of Listings Accepting Offers
The percentage of listings accepting offers, while dropping off from the previous week, is still quite high historically.

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Listings of $1,000,000 & Above Accepting Offers
The market for higher end homes continued to strengthen in the week ending 2/13/11.

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Percentage of Homes $1,000,000+ Accepting Offers
The percentage of higher end homes accepting offers is the highest it has been in well over 6 months.

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Homes Actively For Sale
The inventory of homes for sale ticked up but remains relatively low, which with the strengthening buyer demand is contributing to the high percentage of listings going under contract.

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New Listings Coming on Market
The number of new listings hitting the market increased a bit in the week ending February 13th.

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Listings Sold (Closed Escrow)
Reflecting the low offer-acceptance activity at the end of December and beginning of January (the slowest time of the year), the number of listing closing escrow was very low.

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2-4 Unit Buildings: Percentage Accepting Offers
In parallel with the market for houses, condos and TICs, the market for 2-4 unit buildings has also gotten stronger.

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Mortgage Rates
This chart from Bankrate.com shows interest rate fluctuations over the past 3 months.

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