Weekly Market Activity Charts Through 2/6/11 for San Francisco House, Condo & TIC Sales

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.

San Francisco Homes Accepting Offers

The 2 weeks through 2/6/11 have seen the highest number of home listings accepting offers since April 2010. There appears to be a significant market activity surge beginning, but it is still too early to reach a definite conclusion.

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Percentage of Listings Accepting Offers

With inventory relatively low and accepted-offer activity surging, the percentage of SF home listings accepting offers by week has been soaring.

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San Francisco Homes For Sale

Inventory levels remain low, especially as compared to increasing buyer demand.

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New Listings Coming on Market

The number of new SF home listings coming on the market has remained relatively low so far in 2011.

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Listings Sold vs. Listings Expired and Withdrawn

The green columns delineate listings sold (closed escrow) by week while the purple columns show listings expired or withdrawn (without selling). In recent weeks the ratio of sold to expired/ withdrawn listings has been increasing.

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Luxury Homes Accepting Offers

In this chart, a luxury home is defined as one with a list price of $1,500,000 or more. It may simply be a weekly fluke, as sometimes happens, but luxury home accepted-offer activity dramatically soared in the week ending February 6. We’ll have to wait and see if this is the beginning of a longer term surge.

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Percent of Luxury Homes Accepting Offers

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The percentage of luxury home listings ($1.5m+) accepting offers also soared in the week ending February 6.