San Francisco Single Family Market
The top graph shows the number of homes available on the 1st day of the month. The bottom graph shows the number of homes sold in the previous month.
San Francisco Condo Market
The top graph shows the number of condos available on the 1st day of the month. The bottom graph shows the number of condos sold in the previous month.
This graph shows the absorbtion rate for different product types in San Francisco. The absorbtion rate is a product of the number of units available divided by the number of units sold in the past month.
When there is less than a 3 month supply it is a buyers market. If there is between 3 and 5 months supply it is generally a balanced market and above 5 months is a sellers market.
You can see that our market is running pretty consistantly in both homes and condos.
NAR reports there is a 10.5 month supply of resale homes nationally and CAR give about the same number statewide.
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