The average days on market for active properties range from about a 100 days to over 130 days (and growing). Lots of days on market; incredible numbers of price reductions ; a small number selling-though many of those selling still sell relatively quickly AND yes we are still seeing multiple offers for a select few.

Here are just a few statistics:

- 563 active SFD listings will be joined by over 250 new SFD listings for a total of over 800: less than 1 out of 8 will go contingent sale (and most of them at the low end).
-674 active Condo listings will be joined by over 350 new condo listings for a total of over 1000:less than 1 out of 10 will go contingent.
-241 active TIC listings will be joined by over 150 new TIC listings for a total of about 400: about 1 in 16 will go contingent.
-234 2-4 Unit listings will be joined by over 80 new 2-4 Unit listings for a total of over 300: about 1 in 19 will go contingent.
-19% of all MLS sales are REO (bank owned) sales.
-Almost all sales are within 4% of the last sales price.

To sell, listed properties must clearly stand out as very good values.

This entry was posted on Tuesday, March 3rd, 2009 at 1:16 am and is filed under real estate san francisco. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.