Weekly Market Charts

Weekly Market Dynamics Charts for the San Francisco Home Market  for the 6 months ending March 6, 2011.

Data is per Broker Metrics for the MLS sales of houses, condos, TICs and 2-4 unit buildings.

Homes Accepting Offers
The number of listings accepting offers continues at a high rate, and would almost certainly be higher if more inventory was available.

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Percentage of Listings Accepting Offers
Very strong buyer demand + relatively low inventory = an extremely high percentage of listings accepting offers.

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Homes For Sale
The inventory of homes for sale remains low and is growing only slowly.

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The Number of Closed Sales
The number of sales is starting the reflect the surge in accepted offers that started 6-7 weeks ago. Remember that sales are typically 30 – 45 days behind accepted offers.

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Expired/ Withdrawn Listings
Reflecting a market that is strengthening, the number of listings that are expiring or being withdrawn from the market without selling has declined.

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30-Year Mortgage Rates
This chart from Bankrate.com tracks the ups and downs of mortgage interest rates over the past year. Still very low by historical standards, but increasing (though jogging up and down) from the incredible lows of 2010.

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