Bay Area Real Estate: Inventory Low, Prices High

Inventory Low, Prices High graphs

1. There are many eager homes buyers in this market. Some with lots of cash in their pockets. With the anticipation of prices going up, they want to act fast and buy now. However, there is  not a lot on the market. This back and forth (the story of life) is piling up offers on a single property, and even driving up prices above ask.

Supply SF May2012 Bay Area Inventory Continues to Slide, Prices Up

“Months of supply” is the metric real estate uses to track how fast the market is selling through the homes for sale. In a balanced market, we’d expect to see 5-6 months of inventory. Anything less than that favors sellers, and 1.3 months is an indication that home sellers are the ones calling the shots in the Bay Area. (And vise versa)

MoS SF May2012 Bay Area Inventory Continues to Slide, Prices Up


70% of buyers we surveyed in the Bay Area thought prices were heading up. For the most part, they’re right.

MedianPrice MoM SF May2012 Bay Area Inventory Continues to Slide, Prices Up

For more info or any questions please contact us.

Search for homes by neighborhood on this page.

See the most popular condos on the market here.

thanks Redfin!

Trackbacks

  1. [...] is the never ending question for all US residents. Should I rent or should I buy a home? With the San Francisco market booming, and rents increasing more than 10% this year alone, we want to help you by lising the pros [...]

Speak Your Mind

*

×

Spinnaker Real Estate Group Earns Diamond Certification Learn more