Spring Inventory Spikes in San Francisco

I’ve been asked lately about whether there are more properties on the market, now that Spring has arrived. And the answer is–yes.

Real estate in the city seems to be folllowing in the usual footsteps created by seasonal human behavior. Sellers believe their homes show better in nicer weather, school is winding down and it’s time for a move. Buyers are happier to be outside and stopping in at open houses, and feel they can put time aside over the summer to move.

Indeed, over the past week, a total of 64 houses, 73 condos and 14 TICs came on the market. Agents are reporting higher open house traffic, and the number of ratified transactions is climbing at my offices. The second quarter of this year has got to be better than that of 2009, when only nine single-family homes, 10 condos and one TIC were reported sold. I know. Those were pretty abysmal, though not surprising, numbers. Here’s to a better second quarter in 2010.

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Eileen Bermingham

Corcoran Global Living



DRE# 01352627

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