It's Simple Supply And Demand, Watson
So why do so many people try to complicate the obvious? It’s really quite simple. But as further support of a market that is clearly en fuego, here are a variety of standard supply and demand analyses: Months Supply of Inventory, Units for Sale, New Listings Coming on Market, Percentage of Listings Accepting Offers, Average Days on Market.
They all indicate very strong demand against very low supply (inventory).
…and with that, we end a week’s worth of very pertinent and compelling data supporting the end of the dark days, the beginning of a new peak in San Francisco property values, and the impetus to get you off your tush and onto the market if you’ve even remotely been considering selling your San Francisco property.
We do these graphs and data quite often, so make sure to check back, get theFrontSteps delivered to your inbox, and/or bookmark Our Stats & Numbers page. You can also sign up for sfnewsletter and get “the Goods” (Property Sales and Listing info) delivered to your email inbox weekly.
Data Source: Paragon Real Estate