San Francisco Months-Supply-of-Inventory & Days-on-Market Analysis
February 15, 2009 by Doors Of Your Life · Leave a Comment
Generally speaking, 4-5 months supply of inventory is considered a balanced market between buyers and sellers; less than 4 months is considered a sellers’ market; and more than 5 months is considered a buyers’ market.
By these definitions (as well as others), the home market in many of San Francisco’s neighborhoods is now a strong buyers’ market – which means more choice, less competitive bidding, increased price reductions, more price negotiation. This doesn’t mean that the best-value homes aren’t still often selling quickly.
The incredibly low interest rates currently prevailing – for those who can qualify under today’s more rigorous financing guidelines – add to the buyer advantage.
Read more and download: San Francisco Months-Supply-of-Inventory & Days-on-Market Analysis
