The last 2 weeks had the highest number of listings going contingent or pending since September 2008 indicating a significant pick up in the number of listings accepting offers.

New Listings: 370 – up from 315
Back-on-Market: 74 – up from 64
Price Reductions: 221 – up from 207 — (65% of price reductions are for condos)
Went Contingent: 200-up from 171
Went Pending: 191 – up from 164
Sold: 153 – up from 104

Sold REO: 14 – up from 9
Expired/Withdrawn: 174 – up from 131

The number of active listings is staying stable, while the number accepting offers is rising. The median list price of homes accepting offers continues to be relatively stable, even rising a little for SFDs, TICs and 2-4 units. The average days on market for properties accepting offers is high, especially for TICs and condos. There continues to be a large difference between the median list price of all active listings and the median list price of those accepting offers, continued proof that the upper-end home market has been hit particularly hard since September 15th, 2008.

This entry was posted on Monday, May 4th, 2009 at 7:35 pm and is filed under real estate san francisco, san francisco buying. 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.