Here’s the latest numbers for the 38 San Francisco Bay Area Cities that I follow. Change from the last month was minimal.
We’ve heard encouraging news from NAR recently referring to the October housing numbers; “Nine Consecutive Gains for Pending Home Sales”
We’ve experienced the same trend in the San Francisco East Bay Area. However, we finally showed a drop in Pending Home Sales for November. I think we can attribute this more to seasonal factors. Inventory levels have come down, as well, but at a faster pace.
The Pending/Active Ratio is at its highest levels since I began tracking numbers in 2005, while Inventory levels are now at their lowest. Depending on where you buy, your choices are limited.
Month Supply is now at 1.8 months for this area, again, very low considering that 6 months is considered normal.
Download a pdf of Glen’s Numbers
