Low Real Estate Inventory and High Demand in San Francisco
I recently had a successful sale with multiple offers in the Outer Parkside. Sold above asking. I've been having a difficult time finding homes for the four buyers that I have. And now Realtor.com confirms just what we have been feeling. If you want to buy a home in the San Francisco Bay Area, now is the time while interest rates are low and before prices surge upwards.
Inventory is down more than 50% in some areas over a year ago.
Low Real Estate Inventory and High Demand in San Francisco.
Top 10 metros for greatest year-over-year reduction in for-sale inventory, May 2012
|Rank||Metro||For-sale inventory, percent change, May 2012 vs. May 2011|
|6||San Jose, Calif.||-40.80%|
|7||Tampa-St. Petersburg-Clearwater, Fla.||-39.76%|
John M Scott, Broker / Owner, Scott Keys Properties, Certified Distressed Property Expert (CDPE), Council of Real Estate Brokerage Managers (CRB), serving San Francisco and the surrounding San Francisco Bay Area