New Listing Activity

New listings of single family homes took an uptick over the past two weeks with condos holding steady.

The percentage of them that went into contract within that same time period is also up, reversing a downward trend we had seen during the last month.

You can see the full report here.

Only four of the new single family home listings (less than 3%) has posted a price decrease along with 15 of the condos (8.4%).

We're talking about listings in the San Francisco MLS.  As such they do not include private sales that do not involve a broker representing the seller, nor do they include some/most new construction condos since most developers list only a handful of examples of their units.  This allows them to keep close control over the speed at which units are seller and sales prices.