New Listings vs. Accepted Offers
There are two issues behind the current low inventory crunch: firstly, there's the simple matter of fewer listings coming on market, and secondly, that the listings that do arrive are being snatched up very quickly. This chart compares the influx of inventory and buyer demand in January of the last 4 years.
Currently, on any given day, the choice of listings available to purchase is far below that of previous years -- which fuels fierce competition between buyers. This chart illustrates that fact and the overall decline in listings for sale:
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Simone Koga | Paragon Real Estate Group
1400 Van Ness Ave. | San Francisco, CA 94109
415.706.1586 | Simone@SimoneKoga.com