San Francisco Has the Nation’s Tightest Housing Supply Conditions
- The San Francisco metropolitan area had a 2.0-month supply of homes for sale in July, the lowest of any major U.S. housing market.
- Home prices in San Francisco rose by 11 percent year over year in July, nearly double the national rate of appreciation.
- More than 80 percent of homes in San Francisco sold for list price or higher, the most in the country.
Although inventory has been improving modestly in the Bay Area over the past couple of months, it is still insufficient to meet demand, causing most homes in the San Francisco metropolitan area to sell for premiums this summer. Read more @bethanywpatten
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