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Tuesday, April 22, 2008

California Scene: Inventory Up, Asking Prices Not

HousingTracker looks at asking prices and inventory in more than 50 metro areas around the country. So, how are things in San Francisco? Um, bad:


Last week, the supply of listings increased in San Francisco, Santa Cruz and San Jose but down (bright spot!) in Riverside and Sacramento. Inventory stayed the same in L.A. As for asking prices, they dropped or stayed the same in all those markets.

In San Francisco, the market closest to Marin, the 12-month trend looks like this:

Trend04/21/20081 month3 month6 month12 month
Median Price$521,000+0.2%-0.8%-10.9%-13.5%
Inventory18,072+5.5%+19.5%-3.9%+28.1%

The takeaway message remains the same: It's not a good time to sell, so don't put your house on the market if you don't have to.

1 comment:

NumbersGuy said...

you can find a number to say anything you want. houses are still too expensive