July 17, 2023
Note: You can find the charts/graphs for the Local Lowdown at the end of this section.
Months of Supply Inventory (MSI) quantifies the supply/demand relationship by measuring how many months it would take for all current homes listed on the market to sell at the current rate of sales. The long-term average MSI is around three months in California, which indicates a balanced market. An MSI lower than three indicates that there are more buyers than sellers on the market (meaning it’s a sellers’ market), while a higher MSI indicates there are more sellers than buyers (meaning it’s a buyers’ market). The San Francisco market tends to favor sellers, at least for single-family homes, which is reflected in its low MSI. However, we’ve seen over the past 12 months that this isn’t always the case. MSI indicated that single-family homes and condos began the year in a buyers’ market. MSI has declined sharply since January for both single-family homes and condos, indicating that the climate has shifted from a buyers’ market to a sellers’ market for single-family homes and a balanced market for condos. The sharp drop in MSI occurred due to the higher proportion of sales relative to active listings and less time on the market.
Stay up to date on the latest real estate trends.
February 3, 2025
14 Bernal homes close in January with a high of $2.625M
February 1, 2025
In January there were 14 home sales in Pacifica. Closed listings range in price from $850,000 to $2,300,000. The closed listings had a median price per square foot of … Read more
January 17, 2025
San Francisco median home prices declined month over month, but rose slightly for the year
January 16, 2025
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