JULY 2013 - SUMMER INVENTORY DROUGHT CONTINUES

07/16/2013

Interest rates and new construction activity have been in the spotlight lately, fueled by concerns over tapering Federal Reserve activity and ongoing inventory constraints. Watch for continuing indications that more homes are selling in less time and at higher price points. Other anticipations are more sellers returning to an inviting marketplace, which will hopefully help replenish neighborhoods with much needed inventory. In San Francisco, new listings were scarce in June, dipping down to 0.8 percent for single family homes and 2.7 percent for Condo/TIC/Coop properties.

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